US eases Venezuela oil sanctions after gov’t, opposition ink deal

The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people.

The agreement signed on Saturday in Mexico City by representatives of President Maduro and the opposition — including the faction backed by the United States and led by Juan Guaido — marked the resumption of long-stalled negotiations meant to find a common path out of the South American country’s complex crisis.