Venezuela Oil Exports Paralyzed Amid Political Turmoil and U.S. Sanctions
1 day agoBusiness
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Venezuela Oil Exports Paralyzed Amid Political Turmoil and U.S. Sanctions

Venezuela's oil exports have reportedly come to a standstill as port captains have not authorized loaded ships to depart, according to four sources close to operations. This paralysis follows U.S. sanctions on tankers and occurs amid political turmoil, with the U.S. overseeing a political transition in the South American country. The situation impacts the nation's primary revenue stream amidst significant political upheaval.

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