🛢️ U.S. Authorizes Venezuelan Oil Transactions 🇻🇪🇺🇸

The U.S. government just issued a special license allowing certain U.S. companies to:

✨ What’s allowed:

Buy, sell, transport, and refine Venezuelan oil.

Provide shipping, insurance, and port services linked to oil.

Do commercial swaps of crude or refined products.

⚖️ Key Conditions:

Contracts must follow U.S. law and settle disputes in the U.S.

Payments to blocked entities must go into U.S. Treasury-designated accounts.

🏢 Who qualifies:

Only companies formed under U.S. law before January 29, 2025.

❌ What’s NOT allowed:

Unreasonable payment terms, debt swaps, gold, or prohibited cryptocurrencies.

Deals with entities in Russia, Iran, North Korea, Cuba, or China.

Releasing blocked property or ships.

📊 Reporting rules:

Exports to other countries must report details to the U.S. government, including dates, quantities, and payments.