U.S. Revisits Oil Sanctions Amid Venezuela Oil Policy Shift

The Trump administration is in discussions to potentially ease sanctions on Venezuela's state-run oil company PDVSA by allowing key partners like Chevron to operate with limitations, sources revealed on Thursday.

If approved, this would signify a shift from Washington's earlier stance aimed at pressuring the government of President Nicolas Maduro. Diplomatic ties recently improved following a prisoner exchange.

While a senior State Department official declined to comment on specific licenses, they assured that any policy changes would prevent Maduro's government from financially benefiting.

(With inputs from agencies.)