INSUBCONTINENT EXCLUSIVE:
The Trump administration revoked licenses and waivers on Saturday, barring Western energy firms from operating in Venezuela, sources close
the economic noose.Previously, the United States Treasury issued authorizations allowing firms to export Venezuelan oil despite sanctions,
a workaround now dismantled.Global Oil Terminals must settle financial ties with PDVSA by April 2, clearing debts from asphalt
(Photo Internet reproduction)Sargeant secured a two-year waiver last May to supply the United States and Caribbean, but that lifeline ends
to under 1 million today.Sanctions, corruption, and mismanagement crippled PDVSA, slashing output
House, National Security Council, and State Department
PlayCountries buying Venezuelan oil face a 25% levy on United States trade starting April 2, hitting China, India, and Spain hard
Oil prices rose 1% after the tariff news, though United States output cushions global supply fears.For businesses, the stakes are clear:
