U.S. mulling over impact of oil-related sanctions on Venezuela

The U.S. government is weighing the potential negative impacts of placing sanctions on Venezuelan oil or oil-related products, the secretary of state said.


On a tour of Latin America, U.S. Secretary of State Rex Tillerson has expressed mounting concerns about the political affairs in Venezuela, a top oil producer.

Venezuelan President Nicolas Maduro, widely criticized from Washington for his stance on democracy, is up for re-election this year and Tillerson said early this week that "obviously" sanctioning oil or prohibiting the sale of Venezuelan oil in the United States was something to consider.
 (UPI)
 8/2/18