The Biden administration has flirted with lifting oil sanctions on once-shunned Venezuela to temper surging oil prices, yet it appears unwilling to encourage investment in domestic energy production. Critics slammed this move in comments to Fox News Digital.
White House and State Department officials traveled to Caracas earlier this month to meet with Venezuela’s authoritarian President Nicolás Maduro after Biden banned imports of Russian oil over Russian President Vladimir Putin's invasion of Ukraine.
After some backlash, the State Department claimed that the visit had merely been about the release of detained Americans and "championing the democratic aspirations of the Venezuelan people."
Despite the State Department’s denial, a source briefed on the meeting in Caracas told The Financial Times that a partial lifting of oil sanctions had been on the agenda, after all.