U.S. Eases Venezuela Sanctions

In a major shift in foreign policy, the United States is relaxing some of the financial restrictions placed on Venezuela following the capture of former president Nicolás Maduro.

The new license allows state-run financial institutions to legally use U.S. currency and receive billions of dollars in international payments.

U.S. Treasury officials stated that the détente is necessary to prevent a total economic collapse and to curb the flow of migrants.

This shift comes as Chevron reports that increased Venezuelan oil imports are already helping to mitigate rising gas prices caused by the Iran war.