Trump Reverses Course on Venezuela, Revoking Chevron Oil License

President Trump said Wednesday he was revoking a Biden-era license allowing Chevron to produce oil in Venezuela over what he said was strongman Nicolás Maduro’s failure to assist in deporting migrants.

The move is a reversal of the administration’s monthlong rapprochement with Maduro and appears to be a setback for Chevron, the U.S. oil company that former President Joe Biden granted an exception to American sanctions to pump in Venezuela in 2022. Trump didn’t mention Chevron but said on his social-media site, Truth Social, that he was canceling a Nov. 26, 2022, license, which is when the company got its concession.