Connect with us

The Dictatorship

US clears the way for Venezuela to sell more oil as Iran war boosts prices

Published

on

US clears the way for Venezuela to sell more oil as Iran war boosts prices

WASHINGTON (AP) — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost global oil supplies during the Iran war.

The Treasury issued a broad authorization allowing Petróleos de Venezuela S.A., or PDVSA, to directly sell Venezuelan oil to U.S. companies and on global markets, a massive shift after Washington for years had largely blocked dealings with Venezuela’s government and its oil sector.

Separately, the White House said President Donald Trump would waive, for 60 days, Jones Act requirements for goods shipped between U.S. ports to be moved on U.S.-flagged vessels. The 1920s law, designed to protect the American shipbuilding sector, is often blamed for making gas more expensive.

The moves highlight the increased pressure that the Republican administration is under to ease soaring oil prices as the United States, along with Israel, wages war with Iran. Global oil prices have since spiked as Iran halted traffic through the narrow Strait of Hormuzthrough which one-fifth of the world’s oil typically passes.

Containers are stacked at the Port of Los Angeles Friday, Feb. 20, 2026, in Los Angeles. (AP Photo/Damian Dovarganes,File)

Containers are stacked at the Port of Los Angeles Friday, Feb. 20, 2026, in Los Angeles. (AP Photo/Damian Dovarganes,File)

Drivers in the United States are paying the highest pump prices in about 2 1/2 years. The national average for a gallon of regular gasoline topped $3.84 on Wednesday, according to AAA, compared with $2.98 before the war began on Feb. 28.

Even before that, voters were worried about higher living costs, and fuel prices are now adding to concerns for Republicans heading into the election season with their control of Congress at stake in November.

AP AUDIO: US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

AP correspondent Haya Panjwani reports on restrictions easing to help rising oil prices.

“Gas prices are up and we know they’re up. And we know that people are hurting because of it. And we’re doing everything that we can to ensure that they stay lower,” Vice President JD Vance said at an event in Auburn Hills, Michigan. “This is a temporary blip.”

Easing sanctions could spur US investment in Venezuela

The Treasury’s license is designed to incentivize investment in Venezuela’s energy sector and is intended to benefit both the U.S. and Venezuela, while increasing the global oil supply, a Treasury official told The Associated Press. The official was not authorized to discuss the matter publicly and spoke on condition of anonymity.

Since the ouster and arrest of Nicolás Maduro as Venezuela’s president during a U.S. military operation in January, Trump has said the U.S. would effectively “run” Venezuela and sell its oil.

The U.S. license provides targeted relief from sanctions, but does not lift the penalties altogether. The license allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under American sanctions.

But in the short term, there is not likely to be much impact on U.S. gas prices, said Geoff Ramsey, an expert on Latin America at the Atlantic Council think tank.

“We’re talking about 12 to 18 months before we see dramatic changes in Venezuelan output,” Ramsey said in an interview.

Easing sanctions and waiving Jones Act requirements normally would have significant impacts on gas prices, said Claudio Galimberti, Rystad Energy’s chief economist. “But we are in the most abnormal market I can remember,” Galimberti said in an interview.

He said he expects hostilities between the U.S., Israel and Iran to last at least two or three more weeks, and said prices are likely to be high and volatile until oil and gas traffic resumes through the Strait of Hormuz. “As long as the strait remains shut, we’re going to have a crisis,” Galimberti said.

Closer to home, Trump is waiving shipping restrictions

Gas prices in some parts of the country, such as the mid-Atlantic region, may see some relief from Trump’s waiver of the Jones Act, which will allow larger ships to move between U.S. ports, said Ramanan Krishnamoorti, vice president for energy and innovation at the University of Houston.

“Places like Texas and Chicago are unlikely to feel any change in the price of gasoline and diesel because of the Jones Act waiver,” Krishnamoorti said. He said some American shippers may now face more competition from the relaxation of shipping rules, which could mean higher costs for them.

White House press secretary Karoline Leavitt said the Jones Act waiver would help “mitigate the short-term disruptions to the oil market” during the Iran war and would “allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports.”

Last week, Trump announced that he would tap the strategic petroleum reservepart of a wider agreement with many of the world’s wealthiest countries to draw oil from emergency stockpiles.

The administration also eased sanctions on certain Russian oil shipments for 30 days. Next week, Vance and other administration officials are expected to meet with the main oil industry group, the American Petroleum Institute, to discuss energy markets and production, the group’s spokesperson Andrea Woods said.

The waiver of the Jones Act rules might only save consumers three or four cents per gallon, said David Goldwyn, a former Obama-era State Department special envoy focused on energy

“We’re talking about pennies, Goldwyn said.

All told, the administration’s market tweaks will create some “buffers” for price hikes, at least until late May, Goldwyn said. The big risk for consumers is if the Hormuz Strait remains closed beyond that point. “Then the shortfall will increase significantly,” he said.

Critics are worried about the impact of easing Venezuela sanctions

The Treasury license is expected to give a massive boost to Venezuela’s oil-dependent economy and help encourage companies that have been apprehensive to invest. There are some limits. Payments cannot go directly to sanctioned Venezuelan entities such as PDVSA, but must be sent instead to a special U.S.-controlled account. In other words, the U.S. will allow the oil trade but will control the cash flow.

Additionally, deals involving Russia, Iran, North Korea, Cuba and some Chinese entities will not be allowed. Transactions involving Venezuelan debt or bonds will not be allowed. The new license does not allow payments in gold or cryptocurrency, including the petro, which was a crypto token issued by the Venezuelan government in 2018.

Venezuela sits atop the world’s largest oil reserves and used them to power what was once Latin America’s strongest economy. But corruption, mismanagement and U.S. economic sanctions saw production steadily decline from the 3.5 million barrels per day pumped in 1999, when Maduro’s mentor, Hugo Chaveztook power, to less than 400,000 barrels per day in 2020.

FILE -A worker holds a gas pump at a PDVSA state oil company gas station in Caracas, Venezuela, Monday, May 25, 2020. (AP Photo/Matias Delacroix, File)

FILE -A worker holds a gas pump at a PDVSA state oil company gas station in Caracas, Venezuela, Monday, May 25, 2020. (AP Photo/Matias Delacroix, File)

A year earlier, the Treasury Department under the first Trump administration locked Venezuela out of world oil markets when it sanctioned PDVSA as part of a policy punishing Maduro’s government for corruption. That forced the government to sell its remaining oil output at a discount — about 40% below market prices — to buyers such as China. Venezuela even started accepting payments in Russian rublesbartered goods or cryptocurrency.

Critics of the acting Venezuelan government argue that the move rewards Maduro loyalists, while repression, corruption and human rights abuses continue.

Many public sector workers survive on roughly $160 per month, while the average private sector employee earned about $237 last year, when the annual inflation rate soared to 475%, according to Venezuela’s central bank, and sent the cost of food beyond what many can afford.

___

Garcia Cano reported from Caracas, Venezuela. Associated Press writers Seung Min Kim, Michelle L. Price and Matt Daly contributed to this report.

Read More

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Dictatorship

Joe Scarborough slams GOP for ‘screwing their own constituents’ to protect ICE

Published

on

Joe Scarborough slams GOP for ‘screwing their own constituents’ to protect ICE

Joe Scarborough slammed Republicans on Thursday’s “Morning Joe” for their repeated refusal to partner with Democrats to reopen some parts of the Department of Homeland Securityas the showdown in Washington, D.C., over federal immigration enforcement continues.

“Sometimes things are complicated and confusing,” Scarborough said. “This is not confusing.”

As he explained, Democrats are currently pushing legislation to partially fund some agencies inside DHS, including the Transportation Security Administration and the Federal Emergency Management Agencyor FEMA. However, in order to pass those bills, Democrats, as the minority party, need Republicans to join in on the effort.

“If everybody agrees on something, they can pass it with unanimous consent. So Democrats keep going to the Senate floor,” Scarborough said, and “Republicans stand up and say no.”

A majority of the department’s funding has been withheld since the shutdown began on Feb. 14, when Democrats demanded a major overhaul of the agency carrying out President Donald Trump’s mass deportation effort.

Last week, more than 100,000 DHS workers missed their first full paycheck. Despite not being paid, many of those workers are considered essential employees and therefore are required to work during the shutdown.

“Republicans keep killing these opportunities to pay these people for the work they’re doing to keep us safe, in the air, on the seas,” Scarborough said. “All of this is to allow ICE to continue being the out-of-control, reckless agency that it was under Kristi Noem.”

Scarborough said he couldn’t understand “why Republicans are screwing their own constituents every single day: businesspeople that have to fly, families that have to get home to see their mothers or their fathers or the grandmothers or the grandfathers, parents that need to get to the kids to help with a child that may be sick.”

“I mean, why are Republicans doing this?” he asked. “Why aren’t they stopping this? Why is ICE so important to them that they are screwing their own constituents to protect guys in masks?”

You can watch Scarborough’s analysis in the clip at the top of the page.

Allison Detzel is an editor/producer for MS NOW. She was previously a segment producer for “AYMAN” and “The Mehdi Hasan Show.”

Read More

Continue Reading

The Dictatorship

The years I spent defending César Chávez make me feel like a fool

Published

on

The years I spent defending César Chávez make me feel like a fool

Dolores Huerta and I shared the stage in November at a Chicago event honoring Latino leaders and journalists from the United States. What I remember most about that day was seeing the ballroom of mostly Latina women lining up to thank the co-founder of United Farm Workers and get her thoughts on how to respond to the way our communities have been targeted.

ICE was continuing its raids in Chicago, but here was Huerta, 95 years old, buoying us all.

I remember the servers, too, some of whom stopped after the event to take photos with Huerta and share that their local union uses the same labor-organizing tactics she did with the UFW. Immigration and Customs Enforcement was continuing its raids in Chicago, but here was Huerta, 95 years old, buoying us all. Here was our elder, imploring us to never give up, to keep organizing and fighting. If possible. Not as a slogan, but as something living and breathing in that room.

The New York Times on Wednesday published a multiyear investigation into allegations of sexual abuse of minors and rape against the other co-founder of the UFW: César Chávez. In part because I grew up with such a deep admiration of Chávez, reading Ana Murguia and Debra Rojas, both 66 years old, describe the pain they said Chávez inflicted upon them stopped me cold.

Then Huerta revealed that she had two unwelcome encounters with Chávez, one of which she described as rape. The two encounters, she said, resulted in two babies, whom she gave away to others to raise.

A black and white, archival photo showing Dolores Huerta, left, and Cesar Chavez — as well as other people — holding photos of the conditions that farmworkers endure in San Joaquin Valley farm labor camps.
United Farm Workers leaders Dolores Huerta, left, and Cesar Chavez at a news conference outside a U.S. District Court on Nov. 21, 1989, in Fresno, Calif. Richard Darby / Fresno Bee file / Tribune News Service via Getty Images

“I carried this secret for as long as I did,” she wrote, “because building the movement and securing farmworker rights was my life’s work.”

I sat with that for a long time.

In the 1970s, when I was a young boy who had just moved from Puerto Rico to the Bronx, Chávez was one of the first brown faces I saw on television. Few Latino men seemed to be fighting for something on television, but he was. I will forever argue that U.S. Latinos are not a monolith, but at a time when this country painted us as one, Chávez felt like our sole political leader.

“He represented the best of us — and by us, I mean Latino America,” said Manny Fernandez, the Times’ California editor and co-writer of Wednesday’s bombshell of a story. “And to discover that Chavez had this dark side is disturbing. But we do need to know who our heroes are.”

Chávez eventually reached the pinnacle of being the most famous Latino in the U.S. He passed away in 1993 and was posthumously awarded the Medal of Honor by former President Bill Clinton in 1994, and his bust graced the Biden Oval Office. His quotes about community and the fight for social justice were part of the U.S. Latino lexicon. And the Times story about him being a predator and Huerta’s confirmation of it have sent shockwaves throughout the community.

To discover that Chavez had this dark side is disturbing. But we do need to know who our heroes are.

the new york times’ manny fernandez

Those of us who have studied his life in detail already know he was incredibly complicated. Biographers have documented his extramarital affairs, his authoritarian leadership and purges of his staff. Chávez once thought of undocumented workers as union scabs, a fact that right-wingers love to cite. But nothing prepared me for what Murguia, Rojas and Huerta revealed. They did not describe a complicated man. They described a rapist — a rapist of minors.

Ace Gustavo Arellano”https://www.latimes.com/california/story/2026-03-18/cesar-chavez-myth-abuse-allegations”>wrote in his column for the Los Angeles Times: “Much of the Latino civil rights, political and educational ecosystem will have to grapple with why they held up Chávez as a paragon of virtue for too long above others just as deserving and, as it turns out, nowhere near as compromised. In any event, the myth has been punctured.”

Chávez’s complexity was something I explored in the past and at times, defended. Regarding his immigration views, in 2021, I finally found a 1974 letter proving that he shifted his position and was not the anti-immigrant hard-liner the right tried to make him. I spent years making sure that history was accurate. And even though I was defending his views on immigration, and not defending him against allegations of rape, reading the three women’s accounts Wednesday still left me feeling like a fool.

Dolores Huerta, left, and Julio Ricardo Varela smiling for a picture.
Dolores Huerta, left, and Julio Ricardo Varela at the ¡BRAVO! National Awards Gala on Nov. 13, 2025, in Chicago. Courtesy Julio Ricardo Varela

The Chávez family released a statement that said, in part: “Our family is shocked and saddened to learn of news that our father, Cesar Chavez, engaged in sexual impropriety with women and minors nearly 50 years ago. As a family steeped in the values of equity and justice, we honor the voices of those who feel unheard and who report sexual abuse. This is deeply painful to our family.”

After an acknowledgement that his family has its own good memories of him, the statement said, “We hope these matters are approached thoughtfully and fairly.”

Chávez’s name adorns an untold number of streets, schools and parks in this country. His name should be removed from all of those places: every one.

“Everything should be named for the martyrs of the farm workers movement,” Huerta told Latino USA. “Every name should be named after them.”

By Thursday, California had already begun the process of changing César Chávez Day, March 31, to Farmworkers Day.

In that same Latino USA interview, Huerta said it was the courage of women such as Murguia and Rojas who gave her the courage to speak out now.

I used to see Chávez as a hero, but now I realize that our greatest heroes are the ones who speak out even if it means revealing their own pain. What Huerta did was brave, and it is no surprise that she has received an outpouring of love and support. She did not have to say a word. She could have kept her silence, and she would still be loved and admired. Instead, at 95 years old, she chose truth over mythology. That’s the most radical act of love for a community there is.

Julio Ricardo Varela is the founder of “The Latino Newsletter” and co-editor of “Pressing Issues from Free Press.”

Read More

Continue Reading

The Dictatorship

Fired FBI agents claim ‘improper acts of political retribution’ by Trump administration

Published

on

Fired FBI agents claim ‘improper acts of political retribution’ by Trump administration

Former FBI agents allege they were illegally fired for having worked on an investigation that led to President Donald Trump’s indictment in the 2020 election interference case.

In a new lawsuit filed Thursday in Washington, two ex-agents said their constitutional rights were violated by “improper acts of political retribution.”

The civil suitbrought by plaintiffs proceeding under pseudonyms (John Does 1 and 2), names FBI Director Kash Patel, Attorney General Pam Bondi, the FBI and the Justice Department as defendants.

It’s the latest legal responseto the second Trump administration’s revenge campaign, which has included firing people who did their jobs probing potential crimes that happened to include the actions of the once and future president.

“Based merely on Plaintiffs’ involvement in an investigation implicating then-former President Trump initiated during the Biden Administration, Defendant Kash Patel, Defendant Pamela J. Bondi, and elected officials with whom they acted in concert perceived Plaintiffs to be politically disloyal to President Trump and therefore targeted Plaintiffs for removal,” the former agents alleged in their complaint.

They said their firings were illegal because they were based on the perception that they weren’t Trump supporters.

They’re seeking a court declaration that their rights were violated, as well as immediate reinstatement with protection from further action against them without due process. They said they were fired without evidence, notice or the opportunity for a hearing.

The government defendants will have an opportunity to respond in court.

The election interference case was one of two federal prosecutions brought against Trump. The DOJ stopped pursuing both cases after his 2024 election win, due to the department’s policy against prosecuting sitting presidents.

Jordan Rubin is the Deadline: Legal Blog writer. He was a prosecutor for the New York County District Attorney’s Office in Manhattan and is the author of “Bizarro,” a book about the secret war on synthetic drugs. Before he joined MS NOW, he was a legal reporter for Bloomberg Law.

Read More

Continue Reading

Trending