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flag U.S. eases Venezuela oil sanctions for select firms amid global supply efforts.

flag The U.S. has eased sanctions on Venezuela’s oil sector, allowing U.S. companies established before January 29, 2025, to conduct oil transactions with PDVSA, as part of efforts to boost global supply amid tensions with Iran. flag The move, announced by the Treasury Department under President Trump, permits trade with Venezuela’s state oil company and includes a 60-day waiver of the Jones Act, allowing non-U.S.-flagged ships to transport goods between U.S. ports. flag The actions follow the January removal of former President Nicolás Maduro and aim to stabilize energy markets, reduce inflationary pressures, and support economic relief ahead of the November elections. flag The sanctions relief is temporary and does not lift broader penalties on Venezuela’s government.

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