Biden eases some oil sanctions on Venezuela

The Biden administration is easing some oil sanctions on Venezuela. The move is an effort to support newly restarted negotiations between President Maduro’s government and the opposition. The Treasury Department is allowing Chevron to resume “limited” production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits. Former White House economic adviser Stephen Moore told Fox News that President Biden allowing Chevron to drill in Venezuela ‘makes absolutely no sense.”