Trump eases Venezuela oil sanctions as US seeks to boost world oil supply during Iran war
Washington: Amid intensified war in the Middle East, US companies have been allowed to do business with Venezuela's state-owned oil and gas company after the US Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost global oil supplies during the Iran war. Treasury Department issues broadย authorisation forย Venezuelaย In this regard, the Treasury Department issued a broad authorisation allowing Petrรณleos de Venezuela SA, or PDVSA, to directly sell Venezuelan oil to US companies and on global markets, a massive shift after Washington for years had largely blocked dealings with Venezuela's government and…