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US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war
What happened
Fishermen pass an oil tanker in the Gulf of Venezuela off the shore of Punta Cardon, Venezuela, Jan. 14, 2026. (AP Photo/Matias Delacroix, FIle) 2026-03-18T14:01:08Z WASHINGTON (AP) — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the iran-war-amid-energy-crisis.html" class="story-link" title="Trump hasn’t ruled out a draft for war with Iran — but is conscription constitut">Trump administration looks for ways to boost world oil supplies during the Iran war . The Treasury issued a broad authorization all
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