Iranian and Venezuelan hopes of a swift loosening of sanctions under the Biden administration are fading fast.
As the Trump administration weighs its geopolitical priorities, the future of Venezuela's oil sector hangs in the balance.
The U.S. government's goal to knock Iran oil exports down to zero may be boxed in by its own policy towards Venezuela.
Backed by a host of Latin American countries and the United States, Juan Guaido's declaration of himself as the legitimate president of Venezuela represents the sternest test Maduro has faced to his hold on power—and the oil market has already felt the effects.
Venezuela’s opposition called for nationwide protest today as the National Electoral Council (CNE) missed yesterday’s deadline to verify signatures provided by the opposition Democratic Unity Roundtable (MUD) and announce whether it could move forward with a recall push against embattled president Nicolás Maduro.