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International Business Times
International Business Times
Business
Shaun TANDON

US Set To Reimpose Venezuela Oil Sanctions Over Election Disqualifications

Venezuelan President Nicolas Maduro greets supporters during a rally in Caracas on January 23, 2024 (Credit: AFP)

The United States warned Tuesday it will reimpose sanctions on Venezuela's oil and gas sector, relaxed under a reconciliation deal, after opponents to President Nicolas Maduro were barred from running against him.

The State Department issued a deadline to end a license that allowed US dealings with Venezuela's key money-making sector, saying Maduro was violating an agreement with the opposition reached in Barbados in October.

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