New Sanctions on Venezuela Oil Likely As Maduro Bans Opposition

The Biden administration is set to potentially renew sanctions on Venezuelan oil in April after the banning of an opposition candidate for this year’s presidential elections, Bloomberg reports. The six-month suspension of sanctions on Venezuelan oil ends in April, and the Biden administration may renew all sanctions at that time due to failure to meet the conditions for their lifting.  Last week, opposition leader Maria Corina Machado was blocked from running for president by a court ruling in a move she has referred to as “judicial…