CGTN How the U.S. tightened its grip on Venezuela’s oil in past decades

On January 29, Venezuela’s acting president Delcy Rodriguez signed a law opening the country’s nationalized oil sector to private and foreign enterprises. At the same time, Washington announced it would ease some sanctions on Venezuelan oil. What does this shift mean for Venezuela, and what does it reveal about decades of U.S. coercion and control over Venezuela’s oil sector? Let’s break it down.

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