US Plans to Ease Venezuela Sanctions to Boost Oil Supply

By Guntakin Mehnatli
March 17, 2026

The Trump administration is preparing to ease sanctions on Venezuela’s oil sector to increase global supply as the Iran war drives prices higher.

Officials are considering issuing new licenses allowing foreign companies to operate in Venezuela’s oil industry without violating US sanctions, aiming to boost crude production and ease market pressure.

The move comes as the Middle East conflict disrupts global energy flows, with oil prices surging and supply tightening, forcing Washington to look for alternative sources.

While the policy shift could help stabilize markets, analysts warn that Venezuela’s aging infrastructure means any meaningful increase in production may take time.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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About Author / Guntakin Mehnatli

Starting her career as a Political Journalist in 2020, Guntakin Mehnatli has dedicated the past four years to becoming an expert in finance and political news reporting. She also maintains a keen focus on trending topics in artificial intelligence, technology, startups, business and related areas.