July 27, 2024

Venezuela Flouts US-Brokered Deal, Pressing Biden to Reimpose Sanctions

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Although Maduro is backsliding from his pledge to allow freer and fairer elections, Biden’s administration may be reluctant to reimpose sanctions if it can avoid it. An increased flow of Venezuelan crude helps keep down global oil prices and US gasoline prices. Biden also needs to stem the tide of migration as he campaigns for reelection this year. A stronger Venezuelan economy could lower the number of people leaving the country. By Andreina Itriago Acosta. Full Text -> YahooNews

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