[Aljazeera] Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.
The United States is reimposing sanctions on Venezuela’s vital oil sector over what it says is the government’s failure to adhere to democratic principles ahead of elections in July.
The administration of US President Joe Biden said it would not renew a licence that expired early on Thursday, and which had partially eased the punitive measures since October after a US-backed election deal was reached between the government and the Venezuelan opposition in Barbados. |