Trump orders termination of oil deal with Venezuela

  • Posted on February 26, 2025
  • By AOL
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Trump orders termination of oil deal with Venezuela

WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday said he was reversing oil concessions given to OPEC-member Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns. In a post on Truth Social, Trump said he was "reversing the concessions" of the "oil transaction agreement, dated November 26, 2022." That 2022 day was when the Biden administration gave Chevron a license to expand
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