US to Reinstate Venezuela Sanctions, Says Maduro Broke Deal (2)

President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a fairer vote in elections scheduled for July.

The Treasury Department license that permitted some oil and gas activities will expire, and the affected companies will have until May 31 to wind down operations, according to a document posted Wednesday on the agency’s website. The ruling doesn’t apply to Chevron Corp., a significant producer in Venezuela through joint ventures with the state oil company, allowing it to continue operating.

US officials ...