Trump administration ramps up sanctions targeting Venezuela oil trade

Jan 1, 2026 - 10:00
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Trump administration ramps up sanctions targeting Venezuela oil trade
President Trump’s administration is ramping up pressure against Venezuela’s oil trade, sanctioning four companies operating in the country’s oil industry along with four tankers connected to the firms. The Treasury Department said Wednesday it slapped sanctions on four companies with ties to Caracas’s oil sector: Aries Global Investment Ltd., Winky International Ltd., Krape Myrtle Co.…