"U.S. Unlikely to Renew Venezuela Oil Sanctions Despite New Candidate and Sanctions Relief Expiry"

The Biden administration is considering imposing new limits on oil sales by the Venezuelan government without increasing the number of Venezuelan migrants, raising U.S. gas prices, or angering other Latin American governments. One proposal involves allowing Venezuela to continue selling crude to international customers but not for U.S. dollars, instead being paid in its own currency or through barter arrangements. The administration aims to punish President Maduro for failing to fulfill promises while avoiding losing what was gained from the agreement. Critics doubt the effectiveness of sanctions relief and worry about potential political blowback and international relations implications.