WSJ News Exclusive | U.S. Plans to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil

The Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron to resume pumping oil there, according to people familiar with the proposal

, paving the way for a potential reopening of U.S. and European markets to oil exports from Venezuela, according to multiple people familiar with the proposal.

U.S. officials cautioned that the deal could fall through, since it is contingent on Mr. Maduro’s top aides resuming talks with the opposition in good faith.

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