Venezuela sanctions

The Biden administration has extended an olive branch to Venezuela. It might sway Caracas to resume talks with the opposition for elections, and eventually let Venezuelan oil back on the world market.

President Nicolás Maduro sets his eyes on the country's golden Orinoco flow. His ally Turkey is a major buyer.

Venezuela's latest vote will worsen its crisis as it consolidates its socialist authoritarian system. But Washington is not well-positioned to lead the charge to stop it, writes Ted Piccone.

The pro-government constitutional assembly called for a new presidential election in Venezuela by the end of April as the country continues to deal with a growing economic and political crisis.

The latest restrictions are the first to target President Nicolas Maduro's regime directly, and they prevent U.S. institutions from buying new debt issued by the government or state-owned oil company.