Venezuelan President Nicolás Maduro was sworn in for a third six-year term amidst international condemnation of his recent reelection as illegitimate. The inauguration took place in the heavily guarded legislative palace, with crowds of supporters gathered nearby.
U.S. President Joe Biden defended his decision not to impose tougher sanctions on Venezuela's energy sector, citing concerns about potential Iranian oil filling the gap. Despite sanctioning Maduro officials, the U.S. did not revoke Chevron's license to export Venezuelan oil, which has boosted oil production and state revenue.
