Trump Set to End Venezuela Oil Deal, Citing Election Record and Slow Deportation Assistance

President Donald Trump is preparing to cancel a 2022 sanctions relief agreement with Venezuela, citing the country’s election conditions and insufficient efforts to repatriate its citizens from the United States. On Nov. 26, 2022, the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) issued a license authorizing the U.S. multinational oil and gas company Chevron Corp. to pursue business ventures in Venezuela. President Joe Biden’s administration had offered the license agreement as Venezuelan leader Nicolás Maduro held talks with his political opposition to hold a free and fair election in 2024. Trump said the reversal was necessary because of “electoral conditions within Venezuela, which have not been met by the Maduro regime,” he announced in a post on his Truth Social platform on Feb. 26....