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Event Brief

U.S. Eases Venezuela Oil Sanctions Amid Iran War

The U.S. Treasury allows PDVSA to sell Venezuelan oil to U.S. firms and global markets.
WHO: U.S. Treasury
WHAT: Easing of oil sanctions on Venezuela
WHEN: Mar 18, 2026 at 8:46 PM ET
WHERE: Venezuela
WHY: To boost world oil supply during the Iran war
Sources (2): Financial Times, The Hindu

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