Venezuelan Opposition Urges US to Revoke Oil Licenses to Pressure Maduro

Opposition leaders claim fraudulent election results and seek to cut financial lifelines to Maduro's regime.

Venezuela's opposition coalition has called on the US to cancel licenses allowing Chevron and other energy companies to operate in Venezuela.
The opposition argues that the licenses provide a financial lifeline to President Nicolás Maduro's regime, which they claim is corrupt and anti-democratic.
Opposition leaders Edmundo González Urrutia and Maria Corina Machado assert they won the July 28 election, despite official results declaring Maduro the winner.
The US Treasury Department had previously granted temporary sanctions relief to Venezuela, which was retracted as hopes for democratic reforms faded.
Recent US legislation aims to prohibit American investments in Venezuela's oil sector and impose visa restrictions on Maduro's officials.