Chevron's Venezuelan Oil Operations Deadline Looms

The U.S. Treasury Department has set a deadline for Chevron to cease its oil operations and exports from Venezuela by May 27. This move is part of the U.S. government's strategy to apply economic pressure on Venezuela.

The U.S. Treasury Department has announced that Chevron, a major oil producer, must halt its oil operations and exports from Venezuela by May 27. This directive is part of the United States' continued efforts to impose economic sanctions on the South American country.

The decision reflects the U.S. government's ongoing strategy to tighten the economic screws on Venezuela, aiming to exert pressure on its leadership. Chevron has been given a specific timeframe to comply with this order, underscoring the seriousness of the situation.

This development is significant as it highlights the intersection of business operations and international politics, especially concerning the oil sector's influence on geopolitical relations. The move is expected to impact Chevron's operations significantly.

(With inputs from agencies.)