Sanctions

Caracas, June 26, 2026 (venezuelanalysis.com) – Venezuelan casualties from Thursday’s double earthquake continue to rise amid ongoing search and rescue efforts to remove survivors from flattened buildings.

On Thursday night, Venezuelan authorities reported 235 people dead and over 4,300 injured. There are 250 buildings with serious damage or completely collapsed. 

The death toll is expected to rise sharply with unofficial missing people databases compiling more than 40,000 unaccounted persons. However, the figure has steadily decreased in recent hours, while organizers have also pledged to remove duplicate filings.

Social media channels have been flooded with reports of missing friends and relatives.

The Caribbean nation was struck by 7.2 and 7.5-magnitude earthquakes in quick succession on Wednesday. The tremors were concentrated in central and northern states, including the capital. Coastal La Guaira State was the worst affected, with government officials reporting over 100 collapsed buildings.

Search and rescue efforts continued on Thursday as civil protection teams and volunteers rushed to locate survivors and remove them from under the rubble. The Venezuelan government called on the private sector to collaborate with heavy machinery. Several areas of La Guaira are also hard to reach.

Venezuelan grassroots organizations also mobilized, organizing the collection of food, clothes and medicines for displaced families and setting up makeshift shelters.

Videos on social media showed the Venezuelan armed forces likewise moving equipment and mobile surgical units to the coastal area. Commercial flights to and from Simón Bolívar International Airport airport in La Guaira, the main air hub serving Caracas, have been temporarily suspended following damage to a major runway and the air traffic control tower.

Acting President Delcy Rodríguez visited the most affected areas on Thursday afternoon and oversaw ongoing efforts to deploy heavy machinery and provide food and shelter for displaced families.

“We express our support and solidarity to all those affected and we hope to find as many survivors as possible,” she told reporters. “We are working around the clock and we have called for international assistance.”

Venezuelan efforts were reinforced on Thursday night with the arrival of emergency teams from Mexico, the Dominican Republic, and El Salvador. Additional brigades are reportedly on the way from Colombia, Brazil, and the US, among others.

Alongside search and rescue teams, the US Department of War announced a deployment of logistical support assets.

In a statement, the US Southern Command (SOUTHCOM) announced the deployment of the amphibious transport ship USS Fort Lauderdale and the littoral combat ship USS Billings alongside Hercules transport aircraft. Marine Corps Major General Kevin J. Jarrard landed on Thursday night and will reportedly oversee the efforts.

The Trump administration is providing $150 million in humanitarian aid to be channeled through “assistance” partners including Catholic Relief Services and multiple UN agencies.

Washington has, however, opted to maintain its punishing economic sanctions regime against the South American country. On Thursday, the US Treasury Department issued General License 60 (GL60) authorizing transactions related to earthquake relief efforts. However, Venezuelan assets abroad, including bank accounts, remain frozen, meaning that aid efforts will still face hurdles or require US approval.

Caracas has also been unable to access around $4.8 billion in gold held by the Bank of England as well as nearly $5 billion in IMF Special Drawing Rights issued during the Covid-19 pandemic. 

Since January, the Trump administration has issued multiple sanctions waivers to allow Western corporations to secure favorable energy and mining agreements with the acting Rodríguez government. Transactions between Caracas and its historic allies in China, Russia, Cuba, and Iran continue to be prohibited by the waivers and subject to secondary sanctions. The White House has likewise seized control of Venezuelan export revenues, disbursing a portion back to Caracas at US officials’ discretion.

Edited and with additional reporting by Lucas Koerner in Caracas.

How has US imperialism targeted Venezuela and Iran? How have years of hybrid warfare shaped resistance? What role does China play in the emerging multipolar world?

In Episode 46 of the VA Podcast, Venezuelanalysis editor Ricardo Vaz is joined by VA co-editor Lucas Koerner and scholar Matteo Capasso to discuss sanctions, sovereignty, deterrence, and international anti-imperialist solidarity.

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June 24 (UPI) — The United States has sanctioned five Cuban state companies and the wife of Raul Castro‘s son, as the Trump administration continues to apply economic pressure on the Caribbean nation.

Three of the companies blacklisted by the State Department on Tuesday are associated with Grupo de Administracion Empresarial, which the United States initially sanctioned during the first Trump administration on accusations of being a Cuban military-controlled umbrella enterprise with interests sprawling throughout the island nation’s economy.

The two other entities hit are accused of operating in Cuba’s mining sector with foreign investment from Australia as well as working in collaboration with Russia.

Annalie Lilliam Rueda Cadero was sanctioned for being the wife of Alejandro Castro Espin, the son of Raul Castro, Cuba’s former head of state. Alejandro Castro was sanctioned by the Trump administration earlier this month.

Secretary of State Marco Rubio said in a social media statement that he was sanctioning GAESA network entities for diverting Cuba’s money and assets and the two other companies for exploiting its mineral and metal reserves.

“The situation in Cuba is devolving as the island’s corrupt, brutal and anti-American Communist regime continues to prioritize its own total control over the freedom, opportunity and basic well-being of the Cuban people,” he said.

Sanctions generally freeze U.S.-based property or interests in property under the control of those designated while threatening foreign businesses with secondary sanctions for doing business with them.

The United States has long imposed a blockade and sanctions on Cuba, but the economic punitive measures have starkly increased during the second Trump administration, exasperating the power and energy shortages in the country, causing blackouts. The supply shortages have forced more than 100,000 people, including 11,000 children, to wait for surgeries, according to the United Nations.

Tuesday’s designations come under an executive order Trump signed in May permitting the sanctioning of those operating in Cuba’s energy, defense, mining and financial services sectors, as well as those complicit in human rights abuses or corruption related to Cuba working or for providing services to the Havana government.

Trump has been increasing the political and economic pressure on Cuba since ousting Venezuela’s authoritarian leader in January, declaring a national emergency with respect to the island nation early this year.

Since signing the sanctions-related executive order in May, he has used it at least five times to designate Cuba-related entities and individuals.

Cuba’s foreign minister, Bruno Rodriguez, accused the Trump administration on Tuesday of increasing its sanctions regime against Havana, because Havana continues to prove it is “stronger, more capable and efficient than it expected.”

He accused the Trump administration of collectively punishing the Cuban people.

Ernesto Soberon, Cuba’s United Nations ambassador, accused the United States of lying about employing sanctions due to human rights abuses by Havana.

“No government, no person with even a shred of common sense — and certainly not the people of #Cuba, who are suffering the humanitarian impact of the U.S. economic war — can believe that the tightening of the blockade, the energy siege and the newly announced sanctions are intended to support the Cuban people,” he said on social media.

“Anyone who has doubts should ask the parents of the more than 12,000 children currently awaiting surgery in Cuba as a result of the U.S. government’s genocidal policy.”

June 23 (UPI) — President Donald Trump lifted sanctions on Iran releasing millions into the Iranian economy Monday,

allowing American dollar trade for the first time since 1979.

The U.S. Treasury on Monday issued a 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21.

Under this general license, boats and entities that were sanctioned are also cleared to operate. The waiver could also open up allowing U.S. imports of Iranian oil, which hasn’t happened since the 1990s.

Trump defended the move on Truth Social Tuesday morning, saying that the money to Iran is to be used for food and supplies purchased from the United States.

“Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure ‘Nuclear Honesty.’ If they did not agree to this, there would be no further negotiations!” the president posted.

“Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well!” he said.

Vice President JD Vance said Monday that during peace talks on Sunday, Iran agreed to invite the International Atomic Energy Agency back into the country for inspections.

But Iran denied that concession Tuesday morning.

US announces the temporary easing of oil sanctions for 60 days after Iran agrees to allow international nuclear inspections.

Iran’s top negotiator, Mohammad Bagher Ghalibaf, says an agreement has been reached with the United States to release $12bn in frozen Iranian funds following talks in Switzerland.

The US eased sanctions on Iranian oil for 60 days after Tehran committed to allowing international nuclear inspectors to return to the country during negotiations to end the US-Israel war on Iran.

Israel and Lebanon are scheduled to hold talks in the US as a ceasefire appears to be holding in Lebanon.

So what’s the latest as the conflict enters its 116th day?

Diplomacy

• Iranian Deputy Foreign Minister Kazem Gharibabadi says technical talks with the US have concluded and the next phase “will take place under the supervision of the high-level committee” that includes Ghalibaf, Foreign Minister Abbas Araghchi and US Vice President JD Vance.
• Ghalibaf has hailed “good achievements” in the US-Iran talks and confirmed the release of two tranches of $6bn in frozen funds.
• The US Treasury Department has waived sanctions on the sale of Iranian crude ⁠oil, petrochemicals ⁠and petroleum products until ⁠August 21.
• Omani Foreign Minister Badr Albusaidi reaffirms a commitment for “toll-free passage” in the Strait of Hormuz after talks with Iranian diplomats in Muscat.
• Henry Ensher, a former US ambassador and deputy assistant secretary of state, says the release of frozen Iranian assets and the resumption of maritime traffic in the Strait of Hormuz suggest that Washington and Tehran are both “getting what they want”. “Both sides are very interested to show that, somehow, they’ve gotten the upper hand or at least that they’re not being taken advantage of,” Ensher tells Al Jazeera.

In Iran

• Iranian President Masoud Pezeshkian has called for a “full commitment to agreed obligations”. “The effectiveness of the talks depends on full commitment to the agreed obligations and their precise implementation,” Pezeshkian says.
• Ghalibaf has defended the decision to hold talks with the US, saying Iranian delegates went to Switzerland to end the bloodshed in Lebanon.
• Central Bank of Iran Governor Abdolnaser Hemmati has denied comments by US President Donald Trump that released Iranian funds would be used to buy US farm products. Hemmati tells the Tasnim News Agency that Iran has “no obligation to buy” agricultural products from the US. He says the agreement between the US and Iran on the matter says the first $6bn can be used to buy “basic goods and medicine”.

In the US

• Trump says Iran “will agree” to have weapons inspections and any released Iranian assets will be used to buy US produce.
• Democrats on the Foreign Affairs Committee of the US House of Representatives have accused Trump of granting Iran sanctions relief before making progress on key issues under negotiation, including Tehran’s nuclear programme. “Trump officials repeatedly said sanctions relief would be tied to Iran addressing its nuclear program and terrorist proxies. Neither has been addressed, but the regime has been gifted sweeping sanctions relief it has dreamed of for decades,” they say in a post on X.

In Lebanon

• A ceasefire between Israel and Hezbollah has largely held, even as fear of renewed hostilities has kept displaced people from returning home.
• The United Nations said Sunday marked the first time its peacekeepers have detected no air attacks in Lebanon since March 2, the day the war between Israel and Hezbollah escalated and two days after the US-Israel war on Iran began.
• Mahmoud Qamati, deputy head of Hezbollah’s political council, has warned that the Lebanese group will respond to any violation of the ceasefire by Israel, according to Iran’s Press TV. “Hezbollah remains fully alert with its finger on the trigger, ready to confront any violation by the Israeli regime,” Qamati is quoted as saying.
• Israeli Prime Minister Benjamin Netanyahu, Defence Minister Israel Katz and Chief of the General Staff Eyal Zamir say Israeli troops will continue to occupy southern Lebanon.

• The Israeli military will continue to “act with determination in order to neutralize threats against our soldiers and our citizens” and to demolish infrastructure belonging to Hezbollah, they say in a statement.

• The Israeli military will also continue to “maintain the security zone in southern Lebanon”, they say, referring to the land Israel occupies there, razing buildings and forcibly displacing one million people.
• Israel and Lebanon are to start a new round of direct talks in Washington, DC, on Tuesday.

US says the decisions follow Iran’s commitment to allow international nuclear inspections.

The move, expected under the MoU, comes as Vice President JD Vance says there’s a ‘good foundation’ for a final deal.

The United States has partially lifted sanctions on Iranian oil exports following “encouraging” talks over ending their conflict.

The US Treasury issued a 60-day sanctions waiver on Monday, paving the way for the production, delivery and sale of Iranian oil to the US. The move came amid positive reports from mediators and the US vice president regarding talks in Switzerland between Washington and Tehran aimed at establishing a full peace deal.

The waiver is a condition included in the 60-day memorandum of understanding (MoU) signed by Tehran and Washington on June 17.

US Treasury Secretary Scott Bessent said that the US-Iran talks have been “productive” and that several of the MoU’s stipulations are moving ahead.

“Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on social media. “As part of the framework, Treasury has issued a temporary 60-day general licence authorising the production, delivery and sale of Iranian oil.”

The licence lasts through August 21 and covers crude oil, petrochemical products, or petroleum products of Iranian origin. It permits Iranian oil to be imported into the US but does not authorise transactions involving US-sanctioned North Korea or Cuba, or Russian-occupied Ukraine.

There was no immediate response from Iranian government officials.

Oil prices continued their recent decline upon news of the waiver, with Brent crude dropping over 3.5 percent to $77.7 per barrel.

‘Good foundation’

Bessent’s announcement came as US Vice President JD Vance voiced optimism over the Tehran-Washington discussions in the Swiss resort of Burgenstock.

“We laid a very good foundation for a successful final deal,” he told reporters and shrugged off yesterday’s online tit-for-tat between President Donald Trump and top negotiator Mohammad Bagher Ghalibaf.

“Social media threats that they would walk out” did not come to fruition,” Vance noted. “There was a little bit of threatening, there was a little bit of whining, but at the end of the day the talks continued and we made great progress.”

Mediators at the talks said that Washington and Tehran had made “encouraging progress” at the first round, according to Reuters.

The vice president did not give a firm timeline for when nuclear inspections may start, but said conversations with the IAEA could happen as soon as Monday.

The US has said that the need to prevent Iran from developing a nuclear weapon was a key driver of its attacks, and demands that Tehran reopen its nuclear facilities to international oversight.

Iran has persistently rejected accusations that it seeks to develop a nuclear arsenal, insisting that its nuclear programme is purely for civilian purposes.

A busier waterway

Shortly before the waiver announcement, the Strait of Hormuz was reported to be seeing an increase in oil and gas tanker traffic, just two days after Iran said it would close the waterway again because of Israeli attacks on Lebanon.

Four Qatari-operated LNG tankers headed into the Gulf and through the strait on Monday, while two supertankers – which can carry up to four million barrels of crude oil – entered. One indicated its destination as the Iraqi port of Basra, according to ship tracking data.

Two smaller crude oil tankers, laden with just under two million barrels, sailed out of the waterway and into the Gulf of Oman on Monday, according to MarineTraffic.

“While daily transits remain below the 125 crossings prior to the Iran hostilities, the trend is positive,” said the shipping firm Clarksons.

The US has maintained that the strait was never closed for the second time and tracked 55 merchant ships loaded with more than 17 million barrels of oil on Saturday.

Al Jazeera’s Dominic Kane explains that the EU won’t lift crucial sanctions on Iran until a formal nuclear agreement is reached. The bloc’s foreign policy chief Kaja Kallas also clarified that human rights-related sanctions will continue regardless.

EVIAN-LES-BAINS, France — The United States could soon reimpose sanctions on Russian oil shipments after President Trump and fellow leaders at the Group of Seven summit of major industrialized democracies moved Tuesday to put the war in Ukraine back on top of their agenda, more than four years after Russia launched its full-scale invasion.

The Iran war has recently overshadowed Ukraine, but Trump said he wants to shift the focus following the announcement of an agreement to end the 3½-month-old conflict in the Gulf.

Trump said Iran will soon be “back in the rearview mirror.”

Trump said the sanctions on Russia that were eased during the Iran war to help lower oil prices can go back in place as more oil moves through the Strait of Hormuz.

“Soon we’ll be able to do that because the oil is now flowing,” Trump told reporters in Evian, the French spa town close to the Swiss border that is hosting the summit. “We’re in a position to do that soon.”

The U.S. in March temporarily eased some sanctions on some Russian oil shipments as crude prices sharply increased. The waiver has been extended.

Zelensky joins G7 leaders for talks

Ukrainian President Volodymyr Zelensky joined the G7 leaders for talks on the war in his country. They wrapped quickly, after just 75 minutes.

Zelensky said Ukraine is serious about peace while Russia toys with world leaders. “The entire ‘Seven’ supports Ukraine unanimously today,” he said.

Zelensky added that G7 leaders supported Ukraine’s need for more Patriot missiles and discussed how to increase production by licensing production. Patriot missiles are able to counter Russian ballistic missile attacks on Ukraine’s power grid and cities.

As the U.S. under Trump has cut back aid to Ukraine, France and its European allies are now the biggest providers of military and financial support to Kyiv.

Trump downplayed the impact of the Russia-Ukraine war on the U.S. but lamented the death toll.

“The whole thing is ridiculous,” Trump said. “So, yeah, I’m going to do whatever I can.”

Meanwhile, the U.K. announced new sanctions targeting the “shadow fleet ” Russia uses to ship oil and gas, and the finance networks used by Moscow to evade Western sanctions. The ships targeted include several recently purchased by Russia to transport liquefied natural gas from its sanctioned Arctic LNG 2 project.

Russia fires again at Ukraine’s biggest cities

Hours before the summit began Monday, Russia fired hundreds of drones and dozens of missiles at Ukraine’s biggest cities in a barrage that killed 11 people and set fire to a religious landmark.

The attacks came after Zelensky and Putin spoke separately by phone with Trump on Sunday, the U.S. leader’s 80th birthday.

While campaigning in 2024 for a return to the White House, Trump claimed he could end the Russia-Ukraine war within 24 hours of taking office. However, negotiations have faltered and Trump has acknowledged it has proved much harder than he thought.

Ukraine on Monday officially started European Union membership negotiations, launching a process that will require its government to commit to years of political reforms even as it fights the Russian invasion.

Ukraine sees EU membership as a security guarantee for a stable future once the war ends. Its best guarantee would be membership in the NATO military alliance, but the Trump administration insists that cannot happen, and others are wary of Ukraine joining while the war continues.

Trump says he may send Iran deal to Congress

The U.S.-Iran ceasefire deal got plenty of attention at Tuesday’s sessions, with Trump voicing his openness to sending the deal to Congress for review. The text has not been made public.

“I like the idea, send it to Congress please,” Trump said at the start of a meeting with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan on the summit’s sidelines. He added, “I mean who wouldn’t approve it?”

Republicans on Capitol Hill say they want Trump to provide more information about the agreement, with some expressing skepticism that the deal can deter Iran from pursuing a nuclear weapon.

Trump also met with the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani. The Gulf nations are not part of the G7, but French President Emmanuel Macron extended invitations to their leaders at a fraught moment for their region.

Trump also expressed frustration over Israel’s continued hostilities with the Iranian-backed militia Hezbollah in Lebanon, telling reporters he’s “not happy with the way Israel has handled themselves with Lebanon and with Hezbollah.”

Trump said Israeli operations to target Hezbollah “should have been able to deal with them faster,” adding: “It just goes on forever. And when that happens, it throws a negative light on the big deal. And that’s the deal with Iran.”

Macron said France and other Western partners are “ready to take action very quickly” to help reopen the Strait of Hormuz peacefully to ease the economic impact of rising oil prices. France and the U.K. have championed a mission to restore maritime security there as soon as conditions allow.

The G7 comprises France, the United States, Canada, Germany, Italy, Japan and the United Kingdom. Other guest nations, including Brazil, India, Kenya and South Korea, were invited to participate in some discussions.

Superville, Corbet and Madhani write for the Associated Press. Madhani reported from Geneva. AP writers Jill Lawless and Samuel Petrequin in London, Collin Binkley in Washington and Illia Novikov in Kyiv contributed to this report.

June 12 (UPI) — Cuba’s government on Friday announced a broad package of economic reforms aimed at restructuring key aspects of the country’s economic model, just hours after the United States imposed a full financial blockade on state oil company Unión Cuba-Petróleo, or CUPET.

Speaking on state television, Cuban President Miguel Díaz-Canel defended the shift toward decentralization, saying that “these are times when change is necessary.”

The measures are part of the government’s 2026 Economic and Social Program, a roadmap inspired by the economic models of China and Vietnam. Havana says the plan is intended to address the island’s deep economic crisis, high inflation and widespread shortages of goods and services.

The reforms came only hours after U.S. Secretary of State Marco Rubio announced on X sanctions against CUPET, freezing all of the company’s assets under U.S. jurisdiction and prohibiting commercial transactions with it.

Rubio said that “Cuba’s communist elites have turned energy into a tool of social control and profit,” accusing the government of hoarding fuel supplies for its own benefit and using them to repress the Cuban people.

“President Donald Trump wants a new future for the Cuban people with greater freedom and opportunity,” Rubio wrote.

The secretary of state said the sanctions were justified because CUPET operates assets that were allegedly confiscated from U.S. owners decades ago. Washington also warned that foreign companies continuing to do business with the state oil company could face secondary sanctions.

Cuba announced the measures two days after the Miami Herald reported on a proposed commercial agreement between Florida-based Vanguard Energy and Cuban agencies to deliver 250,000 barrels of gasoline and diesel fuel intended exclusively for Cuba’s private sector, small and medium-sized enterprises and humanitarian organizations.

The arrangement included a five-year lease of state-owned storage tanks operated by CUPET. Under the proposal, Vanguard would retain ownership of the fuel to prevent it from being diverted to the Cuban government and would operate outside the island’s banking system.

However, within hours of the agreement becoming public, the U.S. State Department halted the shipment, saying the company did not possess a specific license authorizing the transaction and reaffirming that the Trump administration’s sanctions against Cuba remain fully in force.

Despite the tightening U.S. restrictions, Díaz-Canel rejected suggestions that the reforms were a response to pressure from Washington, describing them as a necessary internal restructuring effort.

The economic plan centers on decentralization and greater openness to investment. Municipal governments and state-owned companies will receive expanded authority over imports, exports and foreign currency management in an effort to reduce bureaucratic obstacles.

The government also plans to ease restrictions on private small and medium-sized businesses, open financial investment opportunities for Cubans living abroad and allow foreign companies to lease agricultural land to boost food production.

To support the reforms, Havana plans a significant reduction of the central bureaucracy, cutting the number of government ministries to 20 from 27 through mergers and eliminations.

Díaz-Canel said Cuba must move toward “new models and new actors” capable of making use of existing infrastructure, acknowledging that sectors such as tourism have been hurt by U.S. sanctions.

“We cannot focus only on the large international hotel chains when many of them, because of pressure from the United States government, have left the country,” he said. “We are developing real estate and tourism projects with new models and other actors that have not traditionally participated in these sectors.”

On energy policy, Díaz-Canel said Cuba would continue shifting toward solar power and renewable energy sources.

“We are going to eliminate, as much as possible, the restrictions that exist on vehicle imports,” he said. “We will continue prioritizing, through tariffs and pricing policies, the importation of electric vehicles powered by solar energy.”

Recent U.S. measures against Cuba have significantly tightened the decades-old embargo through Executive Order 14404 and additional restrictions targeting the energy sector, including CUPET. The sanctions also affect senior government officials, their relatives and military-linked entities.

Washington says the measures are intended to cut off revenue to the Cuban government, encourage political change and punish human rights abuses.

Cuban authorities argue that the restrictions have worsened an already severe economic crisis marked by chronic shortages and power outages that have lasted more than 48 hours in some parts of the island.

International organizations, including the United Nations, have warned about the humanitarian impact on the civilian population.

Caracas, June 11, 2026 (venezuelanalysis.com) – The Trump administration continues to dictate conditions on Venezuela’s energy industry for the benefit of US and Western corporations.

At an event organized by Politico, National Energy Dominance Council Director Jarrod Agen stated that he is in contact with Venezuelan Acting President Delcy Rodríguez and her team “multiple times a day” to discuss the legal framework for foreign conglomerates.

“I raised issues [on oil contracts] when I went down [to Venezuela] and she said ‘we’ll work with you to get through it,’”the Trump official added. 

Agen stated that the administration is currently working to turn “memoranda of understanding (MoU) into binding contracts” and insisted that Venezuela has “made a lot of progress” in overhauling the country’s hydrocarbon and mining laws. 

The legislation approved by the National Assembly slashes royalties and fiscal responsibilities for private companies, while also granting them expanded control over operations and sales. After the laws were approved, authorities were tasked with drafting regulations for their implementation and new contract templates.

Agen went on to announce that a Trump administration delegation will travel to Caracas in the coming days to further discuss conditions for multinational firms in petroleum and gas projects.

Venezuelan oil authorities have reportedly begun circulating drafts of regulations and contract models with industry partners, though the texts have not been made public. The final versions are required to be published in the country’s National Gazette. 

According to Bloomberg, Caracas has revised the proposals under pressure from investors, including the removal of a clause that would have allowed the Venezuelan government to terminate contracts, with compensation, for reasons of “public interest.” Venezuelan leaders have openly acknowledged incorporating private sector input into the recent oil and mining reforms.

Since launching military strikes and kidnapping Venezuelan President Nicolás Maduro on January 3, the Trump administration has seized control of the South American country’s energy and mineral exports.

While keeping wide-reaching sanctions in place, the US Treasury Department has issued multiple sanctions waivers allowing select Western corporations to undertake oil and gas operations in Venezuela while barring participation from Chinese, Russian, and Iranian competitors. The general licenses mandate that all Venezuela-owed payments, including royalties and taxes, be deposited in a Treasury-run account.

On Wednesday, the Trump administration updated multiple licenses concerning energy, petrochemical, and mining activities, stipulating that contract disputes can now also be settled in the United Kingdom, France, and Singapore, rather than just the US. However, the licenses still demand that contract terms be “construed and interpreted” in accordance with US laws and jurisdiction.

The revised waivers likewise establish that contracts may recognize that “certain aspects” of the activity are subject to Venezuelan laws and regulations.

For its part, the acting Rodríguez administration has aggressively courted foreign investment in the oil and gas sectors.

On Wednesday, Venezuelan state oil company PDVSA signed a memorandum of understanding with SLB, formerly Schlumberger, one of the world’s largest oil services providers with a presence in the Caribbean nation since the 1920s. The Houston-based multinational stated that the agreement intends to “strengthen operational execution and promote sustainable development” of the Venezuelan energy sector.

During a televised ceremony, Rodríguez said she was “very pleased” with the deal and expressed confidence that SLB’s cutting-edge technology would have a “major impact on oil exploration and production.”

The acting leader has inked agreements with multiple Western energy giants in recent weeks, including Chevron, Shell, BP, and Repsol. Rodríguez has announced that more companies are set to arrive in the coming weeks. Business executives have made repeated trips to Venezuela to evaluate opportunities and meet with government officials.

Rodríguez recently visited India and touted oil project opportunities in meetings with Reliance Industries and Indian public sector energy firms.

Other government officials, including Economy Vice President Calixto Ortega and Oil Minister Paula Henao, have also held closed-door meetings with investors to promote recent reforms and incentives for foreign firms. At a Houston conference in May, Henao trumpeted the new oil law’s international arbitration clauses for offering more “legal certainty” to investors.

Venezuela’s oil output has continued its recent upward trend, with OPEC’s secondary sources registering a production of 1.072 million barrels per day (bpd) in May, up from 1.036 million in April.

For its part, PDVSA registered a 1.179 million bpd output last month, up from 1.136 million in April. Direct and secondary measurements have historically differed over disagreements on the inclusion of condensates and natural gas liquids.

According to Reuters, Venezuelan oil and byproduct exports rose for a third consecutive month, registering 1.25 million bpd, thanks to increased volumes shipped to the US and India.

Edited by Lucas Koerner in Caracas.

Volker Turk, the high commissioner for human rights at the United Nations, has issued some of his harshest criticism yet of the recent sanctions the United States has imposed on Cuba.

On Monday, Turk drew a line between the increasing restrictions on the Cuban economy and reports of heightened death rates, particularly among children.

“The fuel restrictions imposed since early 2026 and recent tightening of extraterritorial sanctions, taken together, are directly harming Cubans, especially the most vulnerable,” Turk said in a statement.

“Children are dying because doctors lack access to essential medical supplies and medicines. This is unacceptable.”

Such “severe sanctions”, he added, run contrary to the “basic principles of international human rights law”. He called for them to be “lifted immediately”.

Turk’s comments are a direct response to the suite of actions taken under US President Donald Trump to tighten pressure on Cuba, a Caribbean island that has already weathered a decades-long US trade embargo.

Starting in January, the Trump administration moved to cut off Cuba’s foreign oil supply, a linchpin for its ageing energy grid.

First, it severed supplies of oil and funds from Venezuela. Then, on January 29, Trump issued an executive order declaring Cuba to be an “unusual and extraordinary threat” to US national security. As such, he said, any country that supplied it with oil would be subject to steep tariffs.

In the months since, the Trump administration has continued to layer sanctions on Cuba. In May, for instance, penalties were announced against Cuba’s Interior Ministry, its National Police and its Directorate of Intelligence.

Those were followed this month by sanctions targeting Cuba’s president, Miguel Diaz-Canel, as well as members of his family.

The sanctions are designed to penalise those “responsible for repression” in Cuba, an island whose communist government has been accused of stifling dissent, as well as imprisoning and torturing activists.

Turk on Monday acknowledged Cuba’s human rights record and called on the country to “release all those arbitrarily detained”.

But he also pointed to the mounting death toll associated with the US sanctions, which have isolated the island country from much of the world.

The sanctions freeze any US-based assets the target may have, but they also prohibit entities from conducting business with the sanctioned parties. That can result in difficulties accessing global financial systems and other international platforms.

The de facto oil blockade has also resulted in the increasing frequency of power outages, and essential services like public transportation and medical care have faced reductions. Turk pointed to those downstream effects in his remarks.

“Cuba faces increasing isolation,” he said. “Companies are leaving. Fewer airlines fly to the country. It is almost disconnected from international payment systems.”

Turk’s office has also highlighted the human costs of the sanctions. According to the statistics it cited, infant death rates have doubled, reaching 9.9 for every 1,000 births. The survival rate for childhood cancer, meanwhile, has declined from 85 to 65 percent.

In March, the Cuban government also warned of medical needs going unanswered as a result of the energy shortage. It estimated that there was a backlog of 96,387 people awaiting surgery, 11,193 of whom were minors.

It also underscored that 16,000 patients needed radiotherapy, and another 2,888 required dialysis, two treatments that depend on steady electrical supplies.

Turk’s remarks also pointed to the risks posed by the Atlantic hurricane season and other natural disasters. Within hours of his remarks, western Cuba was rattled by a powerful 6.1-magnitude earthquake. Summer heat alone could cost lives, he explained.

“Rising summer temperatures risk increasing the spread of vector borne and waterborne diseases,” Turk said.

“The hurricane season further increases exposure. This creates a perfect storm for social and economic deterioration and suffering for the Cuban people.”

Trump has repeatedly suggested that he is considering military action in Cuba to remove its leadership after the US-Israel war on Iran reaches an end.

Since January, only one Russian oil tanker has been allowed to reach the island, leaving its foreign fuel supplies largely depleted.

WASHINGTON — The House passed legislation Thursday that would aid Ukraine and sanction key segments of the Russian economy, overriding objections from Republican leaders who warned the bill would undermine negotiations designed to achieve a comparable but stronger result.

The legislation, sponsored by Rep. Gregory Meeks, D-N.Y., seeks to cement U.S. assistance for Ukraine by providing more than $1 billion in security and reconstruction aid. It would make another $8 billion available for Ukraine’s defense through loans.

The 226-195 vote is a sign of impatience with President Trump’s approach to the war and represents the House’s second major foreign policy break with Trump this week. The day before, the House, for the first time, approved a war powers resolution aimed at halting U.S. military action against Iran.

Supporters were able to force action on the Ukraine bill by gathering 218 signatures on a discharge petition, a legislative tool that allows a majority of the House to effectively bypass leadership.

Once rarely successful, House members have used the petition tool this Congress to pass bills on releasing the government’s files on Jeffrey Epstein and to extend health care subsidies to many of those who get health coverage through the Affordable Care Act, though the latter measure faltered in the Senate.

Meeks said the question before the House was simple. Would it help Ukraine negotiate from a position of strength or help Russia outlast American resolve?

“We all want this war to end,” Meeks said. “The question is how. Will we abandon Ukraine and force it into a terrible deal? That is what Vladimir Putin is counting on. Or will this body live up to the commitments we’ve made since the start of this war?”

The vast majority of Republicans opposed the measure. Rep. French Hill, the chairman of the House Financial Services Committee, said he is a steadfast supporter of Ukraine. However, the Arkansas Republican said the House was confronted with a flawed, outdated measure that actually calls for less funding for Ukraine security assistance compared to what Congress had agreed to as part of this year’s defense policy. Another section could lead to a decrease in defense spending by some NATO members, he warned.

Rep. Brian Mast, the chairman of the House Committee on Foreign Affairs, said he believed the bill was “a cudgel to fight against President Trump.”

“This bill, in my opinion, is an unserious bill that was crafted basically a year-and-a-half ago,” Mast, R-Fla., said.

Rep. Don Bacon, R-Neb., broke with most of his Republican colleagues in voicing support for the measure.

“Are we going to stand with good or are we going to stand with evil? That’s what this is about tonight,” he said.

In the end, 18 Republicans, 207 Democrats and one independent voted for the bill. Democratic Rep. Ilhan Omar joined with 194 Republicans in voting against it.

Lawmakers want to send a message

Supporters are hopeful that the House’s passage of the Ukraine bill would put pressure on the Senate to do the same. But they also know the Senate likely won’t go along unless Trump endorses the bill.

“It’s probably not going to get 60 votes in the Senate, but it’s going to hopefully force the Senate to address the issue,” said Rep. Brian Fitzpatrick, R-Pa., who signed the discharge petition and voted for the bill. “It’s going to send a great message to the soldiers of Ukraine.”

He said the vote would also send a message to Putin that “we do have a pulse here, that we do care about Ukraine and that we are going to utilize our authority to help them.”

As the war has dragged on, it’s gotten more difficult for supporters of Ukraine in Congress to provide additional financial support to help Ukraine defend itself.

The U.S. has approved some $195 billion for the Ukraine response, according to the latest quarterly inspector general report for Operation Atlantic Resolve, with roughly a quarter of that going to replenish weapons stockpiles for the U.S. military. The last major legislation designed to bolster the Ukraine response occurred in April 2024, though modest amounts have since been included in annual appropriations bills.

Republican leaders tried to stop the bill

Republican leaders urged their members to oppose the legislation. House Majority Leader Steve Scalise, R-La., said there are good-faith negotiations between members of Congress and the White House to boost Ukraine. He described the negotiations as complicated.

“I think they are going to yield positive results, but you set that back if you pass legislation that doesn’t go as far as the negotiations are going,” Scalise said.

The war that followed Russia’s full-scale invasion of its neighbor is more than four years old, with no end in sight. In recent days, both sides have sought an edge by launching long-range missile strikes.

U.S.-led peace efforts have fizzled out as the sides made no progress on key differences and after the war in Iran grabbed Washington’s attention. Ukrainian President Volodymyr Zelensky accepted an unconditional ceasefire demanded by Trump, but Putin refused.

Action in the Senate on Ukraine has revolved around a bill that would impose sweeping tariffs and secondary sanctions on countries that purchase Russia’s oil, gas, uranium and other exports, which are crucial to financing Russia’s military. But the bill has languished.

Freking writes for the Associated Press. AP writer Lisa Mascaro contributed to this report.

Caracas, June 4, 2026 (venezuelanalysis.com) – The Venezuelan National Assembly preliminarily approved on Tuesday a reform to the country’s Organic Law of the National Electricity System and Service, proposing a structural overhaul of the National Electricity System (SEN).

One of the most significant changes is the incorporation of the private sector in electricity generation, transmission, distribution, and commercialization activities, breaking with two decades of state monopoly through the National Electric Corporation (Corpoelec).

According to the draft text seen by Venezuelanalysis, private corporations and joint ventures will be able to operate in the electric grid in what is termed a “diversification of actors in the service chain.” The mixed ventures, where the state can hold majority or minority stakes, will be approved directly by the government and not by the National Assembly.

“In recent decades, the electric system has showcased structural and financial limitations […] as a result of the productive reality and the negative impact of unilateral coercive measures,” the proposed law reads. “Faced with this reality, the Venezuelan state must assume an institutional and judicial reengineering.”

The bill establishes concessions with a maximum duration of 25 years, renewable for a further 15 years under specific conditions. Once a concession expires, all infrastructure, assets, substations, and data will automatically revert to the state in good condition and without compensation.

The proposed legislation announces the creation of a new tariff scheme “based on real costs and a reasonable return for investors.” Electricity, like most public services, has been heavily subsidized in recent decades in the Caribbean nation. The bill additionally introduces obligations for electricity distributors to compensate users for damages caused by blackouts or other failures.

The reform likewise establishes the possibility for the executive branch to grant tax exemptions to projects linked to renewable energy, rural electrification, or strategic investments in the electricity sector.

The 42-article legislation will now be subject to discussions and amendments before a second and decisive vote. 

If approved, it would repeal the Organic Law for the Reorganization of the Electricity Sector, enacted by former President Hugo Chávez on July 31, 2007, which merged the country’s seven existing electricity companies through the creation of the National Electric Corporation. The legislation also defined all stages of electricity generation and distribution as “strategic for the nation.”

During Tuesday’s parliamentary session, United Socialist Party (PSUV) lawmaker Orlando Miranda argued that the electricity reform represented a “mixed and private capital strategy under a rigorous regime of concessions and public supervision.” 

He noted that government plans to reinforce the grid with thermoelectric plants in the past 15 years were hampered by US economic sanctions. Miranda went on to add that increased tariffs are being studied to reflect the “real costs” of the system.

For his part, opposition legislator Ezio Angelini (Un Nuevo Tiempo) demanded that the reform address corruption, which he identified as a key factor behind Venezuela’s recurring power outages.

Angelini stated that in 2019 Venezuela generated around 20,000 megawatts (MW) while consuming approximately 12,000. Today, he claimed, the country produces close to 12,000 MW, roughly 40 percent of installed capacity, while demand has risen to 14,000. On May 11, Interior Minister Diosdado Cabello stated that electricity demand had surpassed 15,500 MW due to increased oil production.

Zulia state, considered the cradle of Venezuela’s oil industry, and other western regions have experienced daily blackouts lasting between eight and twelve hours in recent weeks. Supply instability also affects other services such as water pumping and cooking gas distribution.

Frequent power outages have also gripped oil fields in the Orinoco Belt, as crude extraction relies on electric motors that are vulnerable to tension fluctuations. According to Bloomberg, the Venezuelan government is urging international energy companies to generate their own electricity for oil and natural gas projects in an effort to shield the grid from the additional load.

Delegations from Siemens and General Electric visited the country in April and held talks with the Venezuelan government headed by Acting President Delcy Rodríguez. However, the two corporate giants are reportedly “hesitant” to take part in major projects due to doubts over Caracas’ financial capabilities.

Additionally, in mid-May, US Chargé d’Affaires in Venezuela John Barrett held a meeting with Electricity Minister Rolando Alcalá to discuss plans to “restore a reliable energy supply through US investment and collaboration.”

Electricity generation in Venezuela depends heavily on the 10 MW-capacity Guri hydroelectric complex in Bolívar state, making the system particularly vulnerable to climatic factors such as the high temperatures affecting the country. Venezuela suffered nationwide blackouts in 2019, with authorities blaming US-led cyberattacks.

The electricity reform follows legislative overhauls to the hydrocarbon and mining sectors that likewise curtailed the state’s role and responsibilities while granting private corporations expanded control over operations and sales, slashed royalties and taxes, and the ability to bring disputes to international arbitration bodies.

Edited by Ricardo Vaz in Caracas.

June 4 (UPI) — The United States on Thursday leveled sanctions against Cuban Miguel Díaz-Canel, members of former President Raul Castro‘s family, the Cuban military and other organizations as it continued a crackdown on the country’s communist government.

Secretary of State Marco Rubio announced the measures against Diaz-Canel the others in a statement, asserting they are being targeted because they “fund the [Cuban] regime and its efforts to mobilize its radical revolutionary movements in the United States and around the world.”

The Cuban president, Rubio said, poses a threat to U.S. national security, while the Ministry of the Revolutionary Armed Forces of Cuba, with its “many majority holdings and subsidiaries,” is also now “considered blocked.”

Other organizations newly added to the sanctions list are the Cuban Institute of Friendship with the Peoples, or ICAP, Amistur Cuba S.A., Committees for the Defense of the Revolution and Minera La Victoria S.A.

The individuals sanctioned include Alejandro Castro Espin, the former head of the Cuban intelligence services and the son of Raul Castro, and Raul Alejandro Castro Calis, Castro Espin’s son.

“For decades, Cuba has been the world capital for radical left-wing terrorism,” Rubio asserted. “The regime in Havana has recruited, trained and backed violent Marxist and ‘third-worldist’ movements across our hemisphere and beyond.

“Today, we are targeting the network that enables and funds Cuba’s subversive and radical operations.”

In a stated response, Diaz-Canel said the latest sanctions are “illegitimate” and are “aimed at reinforcing the blockade measures and the scenario of conflict between Cuba and the United States.

“This political blindness is added to the coercive measures applied in recent weeks against our country, designed to harm the Cuban people,” he added. “The aggressiveness and perversity of the Yankee government will clash with our determination to confront the worst scenarios and resist the imperialist onslaught.”

The newly issued sanctions are the latest in a series of moves designed to ratchet up pressure on the Cuban government.

The Trump administration has set a Friday deadline for foreign companies to sever ties with GAESA, the business conglomerate run by Cuba’s Armed Forces, sparking a mass exodus of tourism-related businesses from the island nation.

Meanwhile, Cuba is struggling with the effects of a January 2026 executive order issued by U.S. President Donald Trump imposing a fuel blockade against the nation on national security grounds.

The move has resulted in shortages of electricity, fuel, medicine and medical supplies across Cuba, according to the U.N. Office for the Coordination of Humanitarian Affairs and the World Health Organization, which says emergency care, blood banks, laboratories, immunization programs and maternal and child health services have all been “severely disrupted.”

Caracas, June 3, 2026 (venezuelanalysis.com) – The Venezuelan government headed by Acting President Delcy Rodríguez has instructed airlines and shipping companies to direct fuel payments to a US Treasury account.

Spanish newspaper El Diario published a May 28 letter from state oil company PDVSA addressed to “aviation and maritime customers” that laid out the “banking coordinates” for foreign currency payments concerning JET A1, MGO, and IFO 380 purchases.

JET A1 is a kerosene-based fuel widely used by commercial airplanes, while Maritime Gas Oil (MGO) and Intermediate Fuel Oil (IFO) 380 are standard for ship engines.

“We urge our customers to take the necessary precautions and forward the payment receipt to PDVSA sales representatives so that the payment is cleared and fuel supply is assured,” the letter read.

An attached US Treasury information sheet contains details for Fedwire payments to a “Venezuela custody account” and requires information about “source of funds, e.g., oil, gold, minerals, etc.”

The leaked letter is the first publicly available document from a Venezuelan state institution directing foreign currency payments to an account run by the US Treasury Department as opposed to the country’s Central Bank (BCV) or some alternative state-run mechanism.

Since the January 3 military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has seized control of the country’s export revenues. The White House has likewise extracted concessions in the form of pro-business reforms, preferential access for Western corporations to natural resources, and external audits of the Venezuelan Central Bank.

US Treasury general licenses allowing select Western corporations to engage in oil and gas activities mandate that all Venezuela-owed payments for royalties, taxes, and dividends be deposited in US Treasury accounts. Additional sanctions waivers imposed similar constraints on mining sector services and exports.

Neither US nor Venezuelan authorities have disclosed information about the funds, the timings of their disbursements back to Caracas, and the percentage kept by the Trump administration. The US president stated in a May interview that Washington has “made a fortune” from Venezuelan oil sales.

Both Washington and Caracas have acknowledged the use of Treasury-held Venezuelan revenues for the purchase of medicines and medical equipment from US manufacturers. In January, Secretary of State Marco Rubio said in a Senate hearing in January that Venezuela would need to submit a “budget request” to access its own funds.

According to reports, Washington is mandating that the Venezuelan Central Bank distribute the returned foreign currency to private sector importers via exchange table auctions run by public and private banks. The BCV has reportedly allocated more than US $5 billion thus far in 2026.

The Rodríguez acting government’s diplomatic rapprochement with the Trump White House, coupled with reforms to attract Western investment, has led to a growing number of international airlines reestablishing flights to the Caribbean nation. American Airlines currently runs two daily direct Caracas-Miami flights, while United Airlines will launch a Caracas-Houston connection in August. Jetblue, for its part, is set to initiate its first-ever Venezuela route later in the year.

Venezuelan authorities have likewise recorded increased shipping activity at the country’s ports.

EU says the sanctioned individuals and groups violated a range of rights, from the right to physical and mental integrity, to the right to education.

The European Union has sanctioned four entities and three individuals it says are “extremist Israeli settlers” responsible for “serious” human rights abuses against Palestinians in the occupied West Bank.

The EU said they had violated a range of rights, including the rights to physical and mental integrity, privacy and family life, freedom of religion and education.

The announcement on Thursday is part of an EU sanctions package agreed earlier this month to punish Israeli settlers and Hamas leaders.

The sanctions include the Nachala Settlement Movement and its director, Daniella Weiss. The EU says the group “encourages and facilitates coercive acts that lead to the forced displacement of Palestinians”.

Israeli NGO Regavim and its director, Meir Deutsch, are also on the sanctions list for lobbying “for the demolition of Palestinian property” in order to expand Israel’s control over the entirety of the West Bank, plus the demolition of an EU-funded Palestinian primary school.

Also sanctioned is the Hashomer Yosh NGO and its president, Avichai Suissa for supporting “at least 28 violent outposts and settlements”. It also recruits armed volunteers and provides guards who engage in violent attacks, the EU added.

The Amana cooperative association of the settler movement Gush Emunim was also sanctioned, the EU stating it had likewise “played a key role in initiating, financing, and facilitating at least 30 violent outposts and settlements”.

Long-awaited sanctions

With Thursday’s additions, the EU said it now sanctions 136 persons and 41 entities from a range of countries under its Global Human Rights Sanctions Regime.

The regime was created in 2020, and applies to acts such as genocide, crimes against humanity and other serious human rights violations or abuses.

The measures targeting Israeli settlers because of violence against Palestinians were long-awaited, having been blocked by the self-styled illiberal government of Hungary’s former premier Viktor Orban.

However, the appointment of new Prime Minister Peter Magyar saw the veto quickly lifted earlier this month.

Israel earlier condemned the sanctions, asserting that Jews have the right to settle in the occupied West Bank, despite that being in violation of international law.

In 2025, the expansion of Israeli settlements reached its highest level since at least 2017, when the United Nations began tracking data.

Since the start of Israel’s genocidal war on Gaza, the West Bank has been gripped by almost daily violence involving Israeli troops and settlers. More than 1,000 Palestinians have been killed in the territory, according to the UN.

A top US official says Oman should know that Washington ‘will aggressively target’ actors that facilitate tolls in waterway.

The United States has warned that it would “aggressively” impose sanctions on Oman if it helps Iran establish a tolling system in the Strait of Hormuz, intensifying President Donald Trump’s threats against the Gulf ally.

US Treasury Secretary Scott Bessent said on Thursday that Washington will “not tolerate” either country imposing fees on commercial ships in the strategic waterway.

“Oman, in particular, should know that the US Treasury will aggressively target any actors involved — directly or indirectly — in facilitating tolls for the Strait and any willing partners will be penalized,” Bessent said in a social media post.

“All nations should reject outright any efforts by Iran to disrupt the free flow of commerce. Tehran’s days of terrorizing the region and the world are over.”

The statement comes less than 24 hours after President Trump threatened to bomb Oman, a key US ally known for its neutrality and mediation efforts in regional crises, including the war between the US and Iran.

While Iran has suggested that the governments in Tehran and Muscat could jointly manage the Hormuz Strait, Oman has not said that it is seeking control over the waterway, parts of which flow through its territory.

It is not clear what is driving Washington’s recent posture toward Oman. It is highly unusual for the US to threaten sanctions and military action against a close security and economic partner.

Since the US and Israel started bombing Iran without direct provocation on February 28, Iran has closed the strait and claimed sovereignty over it.

Around 20 percent of the world’s oil flowed through Hormuz before the conflict, so the Iranian blockade has put a major strain on energy supplies, sending prices soaring.

The US and Iran have been indirectly negotiating to reach an agreement for a comprehensive end to the war, and control over the Hormuz Strait has emerged as a major point of disagreement.

Trump has stressed that the strait must be a free passageway.

When asked whether he would accept joint Iranian-Omani control over the strait in the short term, the US president told reporters on Wednesday: “Nobody is going to control it. It’s international waters, and Oman will behave just like everybody else, or we will have to blow them up.”

Ali Bagheri, deputy secretary of Iran’s Supreme National Security Council, said on Thursday that Tehran will not allow Hormuz to be a source of insecurity for the country.

“The powers that have used this passage against Iran’s security must be held accountable,” he was quoted as saying by Iran’s public television.

Bagheri added that Iran seeks to “establish a just order that negates hegemony and domination and strengthens trust and cooperation” in the region.

May 28 (UPI) — The U.S. Treasury announced late Wednesday that it has sanctioned an Iranian entity, newly created to oversee and manage the Strait of Hormuz, as the Trump administration seeks to force Tehran to relinquish control over the vital energy trade route.

The strait has been an issue of contention between the United States and Iran, which are locked in negotiations to end the war.

Iran restricted navigation of the strait after the United States and Israel attacked the country in late February, igniting the war. Washington responded by imposing a military blockade of Iran’s ports, cutting it off from maritime trade.

Since imposing the restrictions, Iran has been adamant about maintaining control of the route, through which about one-fifth of the world’s energy trade flows. The Trump administration has repeatedly threatened that there will be free navigation of the strait again, one way or another.

Earlier this month, Iran launched the Persian Gulf Strait Authority to manage the strait.

The Treasury sanctioned the PGSA on Wednesday, accusing it of being an attempt by Iran’s Islamic Revolutionary Guard Corps to monetize the international waterway.

Treasury Secretary Scott Bessent described the mechanism in a statement as the Iranian military’s “latest attempt to extort global maritime trade.”

Bessent said the Wednesday blacklisting was part of Economic Fury, the Treasury’s rebranding of President Donald Trump‘s maximum pressure campaign of sanctions and other trade measures from his first administration seeking to coerce a new nuclear weapons deal from Iran.

The United States has been tightening its financial vise on Iran since 2018 when Trump first imposed sanctions on Tehran after unilaterally withdrawing the United States from a multinational Obama-era nuclear accord aimed at preventing Iran from securing a nuclear weapon.

Trump reimposed the campaign following his return to the White House in early 2025. It was renamed following the start of the military operation Epic Fury that began Feb. 28.

Treasury officials said Wednesday that through the maximum pressure campaign, the Trump administration has denied Iran access to tens of billions of dollars’ worth of revenue.

The sanctions generally prohibit those named from accessing the U.S. financial system and bar U.S. persons and companies from doing business with them. They also expose foreign financial institutions that knowingly facilitate significant transactions for those sanctioned to potential secondary sanctions.

Sen. Tom Cotton, a Republican from Arkansas, had over the weekend called on Bessent to sanction the PGSA, stating the United States “must ensure every actor enabling the terrorist Iranian regime is held accountable.”

“I support the use of existing authorities to impose sanctions on the PGSA, its officers and any foreign entity that pays, processes or facilitates tolls to Iran for passage through the Strait of Hormuz,” he said in a statement.

Iran has rejected the notion that it is running a toll. Iranian Foreign Ministry Spokesperson Esmaeil Baqaei has said that Iran charges fees to cover costs associated with navigational services and environmental protection measures.

A mastermind of Trump’s hardline Latin American policies, Mauricio Claver-Carone no longer serves in the administration. But according to well-placed sources, he’s “picking who can operate” in Venezuela, controlling access to the government, and creating conflicts of interest.

Speaking with reporters on May 21, US Secretary of State Marco Rubio announced that Venezuelan President Delcy Rodriguez was on her way to New Delhi to discuss energy issues, and that he would be in India as well.

“This is an important trip, I’m glad we’re able to do it,” Rubio chirped after explaining the trio of nations would discuss how to increase Venezuelan oil sales to India.

His statement — and his announcement of Rodriguez’s trip before she had — perfectly illustrated Washington’s newfound dynamic with the Venezuelan government. Following over twenty years of hostile relations with Venezuela’s socialist-oriented leadership, the US Secretary of State was apparently so intimately involved with day to day affairs in Caracas that he was claiming responsibility for Rodriguez’s international itinerary.

In fact, according to an insider who enjoys close contacts within both the Venezuelan and US governments, Rubio’s influence over Rodriguez is said to be traced to one “gatekeeper”: former Trump Latin America envoy Mauricio Claver-Carone. “Mauricio [Claver-Carone] is picking who can operate and Delcy [Rodriguez] is taking instructions,” the source told The Grayzone. 

A former senior US official with access to leadership in both Caracas and Washington offered the same assessment, remarking to The Grayzone, “Mauricio’s calling the shots on private sector economic positions, and if anyone wants in, they have to go to him.”

Hand-selected by former National Security Advisor John Bolton to serve as his Latin America charge during Trump’s first term, Claver-Carone no longer occupies an official governmental role. Instead, he has leveraged his legacy in the public sector to establish a Miami-based investment firm called the Lara Fund which could become a key player in the MAGA financial feeding frenzy in Caracas.

Described by the New York Times as the “architect of Trump’s tough Latin America policies,” Claver-Carone is a Cuban-American regime change zealot who once engaged in fisticuffs with Cuban diplomats as a young man. During Trump’s first term, he unleashed a financial “flamethrower” on Cuba, issuing scores of new sanctions that unraveled the Obama-era normalization policy and plunged the island back into economic misery. 

Claver-Carone has similarly masterminded many of the policies that define Trump’s relationship with Venezuela, from its recognition of the previously unknown Juan Guaido as the country’s “interim president” to the deportation of hundreds of Venezuelan migrants from the US to El Salvador’s maximum security CECOT prison. Many of those migrants had been prompted to journey to the US by the economically crushing sanctions unleashed at Claver-Carone’s direction. 

The Grayzone’s sources described the Trump veteran as the architect of the military invasion that saw Maduro spirited away to a federal penitentiary and installed Rodriguez as president following a stand-down by Venezuelan security forces.

“If he was in charge of implementing the kinetic side, maybe [Rodriguez] thinks she has to listen to him on finance,” the Venezuela insider said of Claver-Carone.

A report this January by investigative journalist Aram Roston described Claver-Carone as a “key backer” of Rodriguez following Maduro’s abduction, and cited sources who claimed he exercised decisive influence over Venezuela policy despite having left the administration.

Claver-Carone is now said to be at the heart of the most sensitive and consequential task Venezuela faces: the restructuring of its $170 billion in defaulted sovereign debt. Forced from several previous positions by corruption scandals and rancorous clashes, an operative with no official governmental position appears to be shaping the economic contours of Project Venezuela. 

“He’s got a lock on everything”

This May, the US Treasury Department authorized Caracas to hire a financial advisor to assist with the herculean task of restructuring its debt. The Venezuelan government selected Centerview Partners, a top-drawer investment and financial advisory firm based in New York City.

According to the former US senior official, Claver-Carone’s romantic partner and business colleague, Jessica Bedoya, boarded a private jet to Caracas soon after the big announcement, arriving with a top advisor from Centerview. It was her second trip to the Venezuelan capital, they said, after visiting in February to discuss financial matters. 

Claver-Carone did not respond to calls to his personal phone from The Grayzone, or to detailed questions sent by text and email. 

His partner, Bedoya, is the founder of the Lara Fund investment firm where he serves as managing partner. Her bio notes that she has also worked in the CIA and National Security Council.

Some insiders worry that her reported presence in the Venezuelan capital, together with Claver-Carone’s outsized influence, could represent a conflict of interest, allowing them to steer debt restructuring agreements to their own personal benefit.

“Now he’s got a lock on everything,” the Venezuela insider said of Claver-Carone. “He could say to anyone who wants to work in Venezuela, I’m the guy. I have the keys. If you want to play ball, invest with me.”

The former US official said Claver-Carone was raising capital for his Lara Fund while he served as a special government employee at the State Department. While Bedoya was running the firm, they said Claver-Carone was leveraging his position inside the Trump administration to pitch potential investors.

“Arbitrary and authoritarian actions that showed him to be a real thug”

When Trump appointed Claver-Carone to serve as the first American president of the Inter-American Development Bank (IDB) in 2020, he hired Bedoya as his chief-of-staff. The couple’s secret romance at the bank triggered an embarrassing ethics investigation after a hand-written contract was discovered showing they had agreed to pursue “absolute happiness,” and included a clause with punishments including “candle wax and a naughty box” if either party breached the deal. 

An independent probe ordered by the IDB discovered that Claver-Carone had increased his paramour’s salary by 40% – a $133,000 reward in less than a year. Investigators also found that the couple had racked up expenses on an IDB credit card during romantic getaways. 

Claver-Carone refused to participate in the investigation while accusing its authors of “fabrications.” In the end, IDB governors voted unanimously in favor of his firing. The US government endorsed their decision.

“President Claver-Carone’s refusal to fully cooperate with the investigation, and his creation of a climate of fear of retaliation among staff and borrowing countries, has forfeited the confidence of the bank’s staff and shareholders and necessitates a change in leadership,” they wrote.

The Argentine governor of IDB, Guillermo Francos, delivered a similarly harsh assessment of Claver-Carone’s tenure. “Claver was a disaster for several reasons,” Francos remarked in 2022. “For having an inappropriate relationship, for having disproportionately increased the salary of this inappropriate relationship, for having lied, and for these arbitrary and authoritarian actions that showed him to be a real thug.”

When Claver-Carone returned to the second Trump administration, it was not long before his proclivity for conflict jeopardized his position.

Throughout 2025, Claver-Carone’s spiteful attitude reportedly complicated Trump administration attempts to prop up a key right-wing ally in South America, Argentine President Javier Milei. Milei’s chief of staff happened to be Guillermo Francos – the former IDB governor whom Claver-Carone held personally responsible for outing his secret relationship with Bedoya. According to the Argentine paper Clarin, Claver-Carone attempted to retaliate by unsuccessfully pressuring Milei to fire Francos. He then attempted to undermine a major IMF loan package to Argentina by demanding the country first sever its credit line from China. This was met with an apparent rebuke from Treasury Secretary Scott Bessent, who visited Buenos Aires to express confidence in the IMF loan just weeks after Argentina’s central bank extended its credit line from Beijing.

The following month, in May 2025, Claver-Carone announced he was leaving the State Department to return to his Lara Fund. His departure gave the appearance that he had been forced out of his job. However, he maintained his clout through his direct line to Rubio.

The former US official told The Grayzone that Claver-Carone is now angling to become a Cuban American version of Jared Kushner, the Trump son-in-law who has leveraged his proximity to the president and role as Middle East negotiator to rake in billions from Israel and several Gulf monarchies despite having no official government title. To do so, he has allegedly inserted himself into the byzantine process of restructuring Venezuela’s debt.

When the Trump administration announced that Venezuela could hire a financial advisor to assist with its sovereign debt, Rodriguez initially planned a public bidding process for the coveted position. But then, according to the ex-US official, Claver-Carone issued support for Centerview, leading to the firm’s selection. (Opposition bloggers have speculated that Centerview was chosen because one of its partners, Matthieu Pigasse, is a self-described “pro-market socialist” who previously worked on deals with Maduro and Venezuela’s state owned PDVSA oil company.)

In recent weeks, according to sources, Claver-Carone has attempted to undermine financial advisors who had been working with the Venezuelan government to restructure its debt since 2014. 

They said that when Claver-Carone’s partner, Bedoya, arrived in Caracas this month, allegedly on a private jet with Pigasse, she began pushing to remove the advisory mandate from David Syed, a seasoned French lawyer who had advised Caracas on debt-related issues for over a decade, and is considered incorruptible. 

“The effort to push [Syed] out created a lot of tension,” remarked the Venezuela insider. “You can’t understand debt restructuring by parachuting in without his knowledge.”

Syed did not respond to The Grayzone’s request for comment. Hamouda Chekir, another Centerview partner who works on Venezuela’s debt, did not respond to calls and text messages sent to his personal phone.

Scandal-stained firms as vehicles for extracting profit from Venezuela

Just before leaving the State Department in May 2025, Claver-Carone convinced Rubio not to renew a sanctions waiver that allowed Chevron to sell Venezuelan oil in the US market. In doing so, he eliminated a mechanism which was explicitly designed to promote transparency and prevent local officials from skimming cash. 

This January, after abducting Maduro, the Trump administration granted confidential licenses to a pair of notoriously corrupt trading houses, Vitol and Trafigura, to export Venezuelan oil. The deal came months after Trump’s re-election campaign received a whopping $6 million donation from a senior trader at Vitol. 

Robert Bachmann, an analyst at the Swiss watchdog Public Eye, told the Washington Post at the time, “Trump is taking advantage of firms that know how to circumvent regulation.”

Both companies had been caught engaging in a series of elaborate bribery schemes across Latin America and Africa. In 2020, the Department of Justice (DOJ) forced Vitol to pay a $135 million penalty for bribing officials for licenses in Mexico, Ecuador and Brazil. Trafigura paid a similarly staggering fine in 2024 for a lucrative bribery scheme in Brazil. In the US, Vitol was rung up by the California Attorney General for manipulating spot market prices of oil.

But almost as soon as the Trump administration entered office, it neutered the DOJ corrupt foreign practices division charged with enforcing the judgments against Trafigura and Vitol on the grounds that it was “impeding America’s national security objectives.” 

Now, the profits these scandal-stained firms generate through oil sales abroad – including to Israel – are channeled back into a US-run account with little public oversight. A percentage of sales is then delivered back to the Venezuelan government. Where the rest goes is anybody’s guess. 

“The Venezuelans are the owners of the oil, and we know nothing. There is no transparency,” said José Guerra, an economist aligned with the Venezuelan opposition, complained to the Washington Post about the Trafigura and Vitol licensing agreements.

Trump, for his part, has essentially admitted Venezuelan oil profits are channeled into a slush fund for his international rampage. “We’ve taken out so much oil in Venezuela, we’ve paid for the cost of the war [with Iran] about 25 times over,” the president boasted during a May 23 campaign rally. While the president’s claim was absurd, as Venezuela is currently exporting only about one million barrels of oil a month – hardly enough to cover a full day of warfare – it revealed his avaricious attitude toward the entire operation.

Among certain Venezuelan opposition activists, Claver-Carone has become a figure of contempt who is partially blamed for Trump’s declaration that their de facto leader, the coup plotter and Nobel Peace Prize winner Maria Corina Machado, “doesn’t have the support within, or the respect within, the country.”

The Trump administration’s embrace of Delcy Rodriguez, and the Venezuelan president’s faithful compliance with Washington’s financial schemes, have prompted some top Democrats to adopt Machado as a partisan cudgel. This January, Chris Murphy, a ranking Democrat on the Senate Foreign Relations Committee, praised the opposition leader as “impressive” following a meeting on Capitol Hill, while taking a nasty swipe at Rodriguez. Machado “reminded us that Trump replaced Maduro with Maduro’s head of torture,” Murphy proclaimed.

If the Democrats take Congress after this year’s midterm elections, the Trump administration’s dealings in Venezuela will face intense scrutiny from the House Oversight Committee. Bipartisan pressure will then build for fresh elections to usher in a new government. “Delcy Rodríguez is a terrible person,” the regime change-obsessed Florida Republican Sen. Rick Scott told the Wall Street Journal this month. “We’ve got to have an election soon.”

In the meantime, a flock of MAGA-aligned financial vultures has swooped into Caracas to feast on the petro-state’s post-Maduro carcass. Donald Trump Jr. is said to be hunting for opportunities in the capital for his 1789 Capital fund, while a startup backed by pro-Trump tech oligarchs Peter Thiel and Palmer Luckey, Erebor Bank, just struck a lucrative deal to reconnect Venezuela’s central bank to the global economy. In the midst of this frenzy, a figure with no government title, Claver-Carone, appears to be establishing the new pecking order.

The views expressed in this article are the author’s own and do not necessarily reflect those of the Venezuelanalysis editorial staff.

Source: The Grayzone

The Trump administration has sought to pressure international officials who scrutinise reported abuses by Israeli forces.

The United States government has returned UN human rights expert Francesca Albanese to a list of sanctioned individuals after a judge had granted a temporary injunction against the designation.

On Wednesday, an update appeared on the US Treasury Department’s Office of Foreign Assets Control (OFAC) website, indicating that Albanese had been added to the agency’s list of Specially Designated Nationals (SDN), without offering further details.

Albanese serves as the UN’s special rapporteur on the occupied Palestinian territory, and her criticism of Israeli policies has made her a target under US President Donald Trump.

In July 2025, Secretary of State Marco Rubio issued a statement announcing sanctions against Albanese, accusing her of “lawfare” and “biased and malicious activities” against Israel.

He also cited her recommendation that the International Criminal Court (ICC) should issue arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former Minister of Defence Yoav Gallant, which it ultimately did in November 2024.

The announcement was one in a series of actions the Trump administration has taken against critics it sees as hostile to US and Israeli interests.

The sanctions barred Albanese from entering the US and froze her assets in the country. They also prevented any US-based entity from doing business with her.

Albanese, an Italian citizen, has close ties to the US: Her daughter is a US citizen, and the family maintains a residence in the country.

In February, members of Albanese’s family filed a lawsuit on her behalf, stating that the sanctions had disrupted her life, even preventing her from accessing her bank account.

The lawsuit also accused the Trump administration of trying to intimidate those who speak out against Israeli rights abuses.

Albanese has been vocal in her assessment that Israel has committed genocide in Gaza, a view echoed by leading human rights experts around the world. More than 75,000 Palestinians have been killed in the territory since 2023, when Israel launched its genocidal war on the Strip.

Albanese is not alone in facing economic penalties for her work. Since taking office for a second term, Trump is estimated to have issued sanctions against nine ICC judges, as well as prosecutors for the court.

The judges and prosecutors were reportedly involved in probes into abuses by US and Israeli forces.

Legal experts have condemned the sanctions as an assault on international law and an effort to shield the US and its allies from scrutiny.

On May 13, US District Judge Richard Leon, an appointee of former President George W Bush, ruled in favour of the Albanese family’s lawsuit, granting a temporary injunction against the sanctions.

Leon found that the Trump administration had used the penalties to curtail Albanese’s constitutionally protected speech. He also stated that Albanese could not be blamed for the ICC’s actions.

“It is undisputed that her recommendations have no binding effect on the ICC’s actions,” Leon wrote. “They are nothing more than her opinion.”

As a result of the ruling, Albanese was removed from the sanctions list this month.

But the Trump administration appealed Leon’s order. It also said it would restore her to the sanctions list as soon as it was able, though it is unclear what prompted Wednesday’s change.