🌍 Global Trade & Tariffs

[Scoop] US Eases Venezuela Bank Sanctions as Wages Hit $160/mo

Venezuela's public workers scrape by on $160 a month—half the private sector average—sparking Caracas protests. Now the US is easing bank sanctions to pump oil money into the system. But who's cashing in?

Supply Chain Beat Apr 15, 2026 4 min read
Caracas protesters demanding higher wages amid Venezuela economic crisis and US sanctions easing

⚡ Key Takeaways

  • US eases sanctions on Venezuela's state banks, freeing billions in oil revenue amid $160/mo wage protests. 𝕏
  • Chevron inks major oil deal as OFAC grants targeted licenses to PDVSA-linked institutions. 𝕏
  • Normalization accelerates post-Maduro ouster, but Big Oil stands to gain most from the thaw. 𝕏
Lisa Zhang
Written by

Lisa Zhang

Trade and policy reporter covering tariffs, sanctions, import/export controls, and WTO developments.

#Chevron Venezuela #Delcy Rodriguez #US Treasury OFAC #Venezuela sanctions #oil revenue
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Originally reported by Axios Supply Chain

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