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Event Brief

Venezuela Opens Oil Industry Amid Tariff Threats

Venezuela's new law allows foreign investment in its oil sector as Trump warns of tariffs on oil sales to Cuba.
WHO: Venezuela, Donald Trump
WHAT: Approval of new law for oil industry
WHEN: Jan 29, 2026 at 7:36 PM ET
WHERE: Venezuela
WHY: To attract foreign investment and counter U.S. tariffs

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