President Donald Trump revoked a license granted to Chevron by his predecessor, Joe Biden, two years ago. Trump announced the decision in a late Wednesday post on Truth Social. The decision comes as Trump accuses Venezuelan President Nicolás Maduro of failing to make the necessary headway on election changes and migrant returns.

President Donald Trump said he plans to revoke Chevron Corp.’s oil license to operate in Venezuela, threatening to torpedo the nation’s slow economic recovery.

U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in 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.

US President Donald Trump has decided to cancel the oil deal between the US and Venezuela. It was signed during the tenure of his predecessor, Joe Biden, as reported by Bloomberg. “We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro,

The Trump administration’s tighter oil sanctions on Venezuela will deprive President Nicolás Maduro’s authoritarian government of money it needs to repress its people, the country’s main opposition leader has said.

U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will reduce the dollars on offer in the country's exchange market, stoking depreciation of the local bolivar currency and prices,

The US government has taken a tough stance against Venezuela by canceling a license that allowed an American oil company to operate in the country. This move will take away a major source of money for the government,