Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful

US unlikely to reinstate Venezuela oil sanctions: WSJ

  • By Al Mayadeen English
  • Source: Wall Street Journal
  • 29 Mar 2024 23:56
  • 1 Shares
3 Min Read

The Biden administration is anticipated to prolong a waiver on US sanctions targeting Venezuela's oil sector until July 28, coinciding with Venezuela's scheduled elections.

  • x
  • Units of El Palito refinery near Puerto Cabello, Venezuela, Monday, Jan. 29, 2024. (AP Photo/Matias Delacroix)
    Units of El Palito refinery near Puerto Cabello, Venezuela, Monday, Jan. 29, 2024 (AP Photo/Matias Delacroix)

The Wall Street Journal reported on Friday, citing internal sources, that the White House is not expected to reinstate sanctions on Venezuela's oil sector in April. This occurs as the government of Venezuela cracks down on opposition members who have been found to conspire with the CIA to remove Maduro.

In February, the country's Prosecutor General Tarek William Saab announced that security forces have successfully foiled preparations for five terrorist attacks and conspiracies, resulting in the detention of 27 individuals. One of the terrorist operations involved assassinating Maduro himself. He accused both the CIA and the Colombian army of being involved in the plot and said that agreements with the opposition over the country's 2024 presidential election were "mortally wounded" as a result of the plots.

According to the WSJ report, the US is concerned that reimposing sanctions on Venezuela's oil sector, as per the Trump-era policies, may lead to higher gasoline prices for US consumers and further contribute to increased migration from Venezuela to the US amid the ongoing border crisis.

The report further indicated that US officials are also apprehensive about the possibility that limiting Western investments in Venezuela could result in a tightening of global energy supplies. This scenario may create an opportunity for Chinese investment to fill the void in Venezuela's energy sector.

The Biden administration is anticipated to prolong a waiver on US sanctions targeting Venezuela's oil sector until July 28, coinciding with Venezuela's scheduled elections.

Read more: Venezuela increasingly becoming immune to US sanctions

Related News

Maduro calls on world Jews to help end Netanyahu 'infernal madness'

Maduro exposes US fingerprints in terror plot to destabilize Venezuela

In October 2023, the US Treasury Department issued General License 44 to permit transactions related to Venezuela's oil and gas sector for a duration of six months. However, the Biden administration has consistently cautioned that it will allow the license to lapse on April 18 if it determines that Maduro is obstructing free and fair elections.

On March 16, Maduro was officially nominated by the country's ruling party as its election candidate.

In a statement, he expressed that he accepts the nomination "Given the decision taken by the people in the territory and that has ratified this V Extraordinary Congress of the PSUV and this IV Extraordinary Congress of the JPSUV."

For his part, Diosdado Cabello stated that Maduro Moros was elected president of the United Socialist Party of Venezuela (PSUV) following 317.187 grassroots assemblies in which 4,240,032 PSUV militants nominated the present president.

During the event, Maduro expressed that he has traveled long and far in the country and found "patriotic people, full of heroism, but above all, full of hope."

Touching on the current defamation campaigns, destabilization, and pressure "against the Bolivarian Revolution," Maduro expressed that there would only be one fate for the nation: "the popular victory on July 28, 2024."

Read more: Maduro re-condemns imperialist plan to destabilize Venezuela

  • Maduro
  • us sanctions on venezuela
  • Venezuela
  • Nicolas Maduro

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS