Iran and Venezuela Could Help Biden’s Gas Crisis If He Lifts U.S. Sanctions

Iran and Venezuela Could Help Biden’s Gas Crisis If He Lifts U.S. Sanctions
▻https://www.newsweek.com/iran-venezuela-could-help-bidens-gas-crisis-if-he-lifts-us-sanctions-17198

while engaging with the two designated adversaries would likely stir a degree of criticism from hawkish factions at home looking to portray the president as soft on U.S. foes, the rising cost of gas now fluctuating around the unprecedented $5 mark threatened to exact an even higher toll on Biden as his Democratic Party prepared for a contentious midterm election season.

US provides Chevron limited authorization to pump oil in Venezuela after reaching humanitarian agreement
▻https://www.cnn.com/2022/11/26/politics/us-chevron-venezuela-oil-agreement/index.html

The US has granted #Chevron limited authorization to resume pumping oil from Venezuela following the announcement Saturday that the Venezuelan government and the opposition group have reached an agreement on humanitarian relief and will continue to negotiate for a solution to the country’s chronic economic and political crisis, including a focus on the 2024 elections.

[...] The official also highlighted the license’s limited nature saying that they do not expect this to have a tangible impact on international oil prices and that the move is intended as an inducement for the negotiations — not a reaction to high global oil prices.