US Allows Chevron to Restart Pumping Oil in Venezuela

The Biden administration has granted Chevron Corp. the permission to resume oil production in Venezuela. This decision reverses the previous restrictions imposed by the Trump administration, which aimed to increase pressure on the regime of President Nicolas Maduro. The new license allows Chevron to engage in certain transactions and activities necessary for the company's operations in Venezuela. This move is seen as a diplomatic shift, as the Biden administration seeks to engage with the Maduro government and potentially alleviate the ongoing political and economic crisis in the country. The decision has been met with mixed reactions, with some critics arguing that it could undermine efforts to hold the Maduro government accountable for human rights abuses and democratic backsliding. However, proponents believe that the increased oil production could provide much-needed economic relief for the Venezuelan people.