Saturday June 25, 2022
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Trump Administration Threatens Embargo on Venezuelan Crude Oil: WSJ

Trump Administration Threatens Embargo on Venezuelan Crude Oil: WSJ

Daniel Raisbeck by Daniel Raisbeck
July 19, 2017
in Featured, International Relations, News Brief, NL Daily, Politics, South America, United States, Venezuela
0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp
Embargo on Venezuelan Crude Oil
Should the dictatorial regime continue with its plans to rewrite the country’s constitution by means of a Constituent Assembly, sanctions would include a potential prohibition on crude oil. (Twitter)

EspañolUnited States President Donald Trump and his administration are preparing to impose “strong and swift” sanctions on Venezuelan President Nicolás Maduro’s regime, the The Wall Street Journal reported July 19.

Should the dictatorial regime continue with its plans to rewrite the country’s constitution by means of a Constituent Assembly, sanctions would include a “potential prohibition on crude (oil) and other petroleum product trade (with the United States),” WSJ journalists Ian Talley and Kejal Vyas reported.

RelatedArticles

The new socialist supremacisms: a maoist cultural revolution undermines the US

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021

According to a high-ranking White House official that spoke with WSJ, the Trump administration is seriously considering going beyond just sanctioning individuals within the chavista regime, as the US has done for years. A new approach would affect Venezuelan international sales of crude oil that “provide the vast majority of the funding for the government and the economy,” WSJ wrote. In doing so, the US would hit Maduro “where it hurts the most.”

  • Read More: UN Demands Release of Thousands of Prisoners Wrongfully Arrested in Venezuela
  • Read More: “This is a Step Towards Liberty in Venezuela”: Political Prisoner Leopoldo Lopez

All other actions that the US could take against Venezuela are still on the table, according to WSJ’s source.

“We can promise that whatever actions we take after July 30 (the date of the Constituent Assembly vote) will be strong, swift and deliberate,” the source said.

The White House is also reportedly aware that paralyzing sales of Venezuelan crude oil would effectively “crush” the Venezuelan government, while also damaging US markets.

The United States is the number-one buyer of Venezuelan crude oil, only importing more of the resource from Saudi Arabia and Canada. In 2015, Forbes reported that Venezuela exported 780,00 bpd to the United States.

Tags: crisis in Venezuelaus-venezuela relations
Previous Post

Castro Regime Arrests more than 50 Pro-Democracy Activists over the Weekend in Cuba

Next Post

The Venezuelan Regime Is Playing “Chicken,” and Maduro Might Be on His Way Out

Daniel Raisbeck

Daniel Raisbeck

Daniel Raisbeck is the PanAm Post's Chief Editor. He ran for Mayor of Bogotá in 2015 as an independent candidate. Follow him @DanielRaisbeck.

Related Posts

The new socialist supremacisms: a maoist cultural revolution undermines the US
Columnists

The new socialist supremacisms: a maoist cultural revolution undermines the US

August 21, 2021
GETTR: the powerful weapon of Trump and international right wing
United States

GETTR: the powerful weapon of Trump and international right wing

July 13, 2021
News

Maduro’s Trial Falls Behind Despite Coordination Between Interim Government and ICC

June 15, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Next Post
The Venezuelan Regime Is Playing “Chicken,” and Maduro Might Be on His Way Out

The Venezuelan Regime Is Playing "Chicken," and Maduro Might Be on His Way Out

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.