 The US said it will not renew oil giant Chevron’s license to operate in Venezuela, a decision that comes as Washington hardens its stance on Caracas. The US special envoy for the region had previously said the license would likely be extended as part of a broader deal with Caracas, underscoring Washington’s erratic policy toward the country, where it exerts great influence: Almost 800,000 Venezuelans live in the US, and Chevron is responsible for around a quarter of Venezuela’s total oil output. “When asked, Trump wants everything,” including cheap oil, access to business deals, and a place to deport Venezuelans, but there is “no clear priority among these goals,” an expert wrote in the Latin America Risk Report. |