The U.S. is trying to mend ties with Venezuela. One big reason? Oil
The Biden administration has extended an olive branch to Venezuela. It might sway Caracas to resume talks with the opposition for elections, and eventually let Venezuelan oil back on the world market.
by John Otis
Nov 03, 2022
2 minutes
BOGOTÁ, Colombia — Under former President Donald Trump, the United States pushed hard for regime change in Venezuela. In response to a crackdown on democracy by Venezuela's authoritarian leader Nicolás Maduro, Washington in 2019 placed sanctions on the country's vital oil sector. Along with more than 50 countries, the U.S. recognized opposition leader Juan Guaidó as Venezuela's rightful president. And
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