The Biden administration has eased sanctions on Venezuela's oil sector in response to a deal between the government and opposition parties for the 2024 election. The new general license allows Venezuela to produce and export oil without limitations for the next six months. However, Secretary of State Antony Blinken has given President Nicolas Maduro until the end of November to lift bans on opposition presidential candidates and release political prisoners. This move represents a shift from the "maximum pressure" campaign pursued by former President Donald Trump and signals increased engagement with Venezuela under President Joe Biden.

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