US loosens Venezuela oil sanctions with general license

The United States issued a general license easing some sanctions on Venezuela’s oil sector, allowing U.S. entities to lift, export, sell, transfer, or refine Venezuelan-origin oil while keeping production sanctions in place; the measure excludes Russia, Iran, North Korea, and Cuba, and bans certain payment terms, signaling a shift toward investment-driven relief as Washington pursues Venezuela’s oil‑sector reconstruction after Maduro’s ouster earlier this month.