U.S. Oil Sanctions Could Push Venezuela To The Brink

On July 30, Venezuela’s government moved forward with an
internationally-criticized special assembly that will rewrite the
constitution, a move widely seen as an attempt to neuter the
opposition and consolidate power. As many as 12 people died in
street protests and clashes with police. The vote was called a
“sham” and a “step toward dictatorship” by the U.S., and it has
deepened an already acute political and economic crisis for the
South American nation. The U.S. had threatened to levy penalties
against the Venezuelan…

On July 30, Venezuela’s government moved forward with an
internationally-criticized special assembly that will rewrite the
constitution, a move widely seen as an attempt to neuter the
opposition and consolidate power. As many as 12 people died in
street protests and clashes with police. The vote was called a
“sham” and a “step toward dictatorship” by the U.S., and it has
deepened an already acute political and economic crisis for the
South American nation. The U.S. had threatened to levy penalties
against the Venezuelan…