US Treasury secretary Scott Bessent has said Washington could lift some sanctions on Venezuela as soon as next week, as President Donald Trump tries to convince American companies to pump tens of billions of dollars into revitalising the country’s oil industry.
Bessent’s comments come amid scepticism among oil executives about making the large capital commitments Trump is seeking after US forces captured Venezuelan president Nicolás Maduro and flew him to New York for trial.
“We’re de-sanctioning the oil that’s going to be sold”, Bessent told Reuters in an interview published on Saturday.
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