US Eases Venezuela Oil Sanctions, Boosts Global Supplies
Annapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Treasury Department eases Venezuela oil sanctions, allowing U.S. firms to buy oil and conduct deals. Jones Act rules waived for sixty days to ease oil market hiccups. Oil prices surged due to Iran strikes, but new license offers targeted relief, focusing on companies before January 2025. Steps expected to stabilize supplies long-term, turning price spikes into economic wins.
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