US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

The Biden administration has announced the reinstatement of oil sanctions on Venezuela, citing President Nicolas Maduro's efforts to solidify his power. This move comes just six months after the U.S. had eased restrictions in hopes of promoting democratic reforms in the OPEC nation. A senior U.S. official revealed that American companies operating in Venezuela will have 45 days to wrap up their operations to prevent disruptions in global energy markets.
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