The U.S. Department of the Treasury has imposed new sanctions on Venezuela’s oil industry, targeting four companies and their oil tankers allegedly facilitating sanctions evasion. President Trump accuses Nicolás Maduro’s government of being a “narco-terrorist” regime that destabilizes the U.S. and seeks to profit from illicit oil exports. Despite the sanctions, Chevron remains active in Venezuela, while the U.S. has increased military operations against oil tankers and alleged drug trafficking. The administration’s actions also include bombing alleged drug loading sites in Venezuela, reportedly executed by the CIA.
