Venezuela Oil: Sanction Squeeze

The World Socialist Web Site article discusses proposed new sanctions by the United States against Venezuela, specifically targeting the country's oil industry and potentially leading to a collapse of its economy. The article argues that these sanctions, backed by both Democrats and Republicans, would be a significant escalation of existing economic pressure and could trigger widespread suffering and a humanitarian crisis. The proposed measures would expand secondary sanctions, effectively preventing companies worldwide from doing business with Venezuela’s oil sector, the country's primary source of revenue. This action, according to the article, aims to topple the government of Nicolás Maduro and install a regime more amenable to US interests. The author asserts that the sanctions would severely restrict Venezuela's ability to import essential goods like food, medicine, and spare parts for infrastructure, leading to shortages and a decline in living standards. The article portrays the situation as a form of economic warfare, highlighting the potential for mass death and a renewed wave of emigration from Venezuela. It suggests that these sanctions are part of a broader US strategy to control resources and exert political influence in the region. find the original article here: https://www.wsws.org/en/articles/2025/04/01/unrb-a01.html