Trump Ends U.S. Oil Export Permit for Venezuela Over Election and Deportation Disputes

The decision reverses a Biden-era agreement that had provided financial relief to Nicolás Maduro's government through Chevron's operations in Venezuela.

President Donald Trump announced the termination of a U.S. permit allowing Chevron to pump and export Venezuelan oil, effective March 1, 2025.
The permit, originally issued under President Joe Biden in 2022, was intended to support democratic reforms in Venezuela but has faced criticism after alleged irregularities in the 2024 election.
Trump cited Venezuela's failure to meet democratic conditions and delays in accepting deported Venezuelan nationals as reasons for the decision.
Chevron, which has operated in Venezuela under the permit, stated it is reviewing the implications of the announcement while continuing to comply with U.S. laws.
The move could significantly impact Venezuela's economy, which has relied on oil exports despite years of sanctions and declining production.