A pariah no more? The United States on Saturday eased oil sanctions against Venezuelan President Nicolás Maduro’s administration, following the resumption of talks between the Venezuelan government and its political opposition. The Mexico City talks come four years after Maduro’s re-election, which was widely denounced as fraudulent, prompted a political crisis in Venezuela and international isolation of the Maduro regime. The US Treasury Department’s agreement to allow Chevron to expand its joint operations with Venezuela’s state-owned oil company also heralds the potential return of Venezuelan oil to global markets amid an energy crisis sparked by Russia’s invasion of Ukraine.
What’s next for Venezuela? What’s behind the US decision?
