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On April 17, 2024, OFAC formally rolled back the sanctions relief it previously provided to the Venezuelan oil and gas industry. While OFAC provided the initial relief believing that...
Israeli authorities claimed to have killed half of Hezbollah’s commanders in southern Lebanon as fighting escalates there.
On April 17, 2024, based on a determination by the U.S. government that Nicolás Maduro and his representatives "have not fully met the commitments made" with respect to upcoming Venezuelan elections, the U.S. Department of the Treasury's OFAC replaced GL 44.
The new fields, Tomoporo and La Ceiba, contain more than 5 Bbbl of oil and are part of a venture in which Repsol holds a 40% stake and PDVSA holds the remainder.
Nicolás Maduro failed in his attempt to have his own cryptocurrency to "overcome the financial blockade"