US considers broad oil-related sanctions on Venezuela to put pressure on president Madura

statement from an unnamed US official, via Reuters ... The official, who is close to U.S. internal deliberations on Venezuela policy and spoke on condition of anonymity,

More:

  • US new sanctions on Venezuela could include targeting military oil services firm and restricting insurance on oil shipments
  • Trump administration official does not rule out complete US oil embargo on Venezuela, saying it would cause "fairly strong shock" to oil market short-term

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Oil has been edging higher the past half hour or so - not sure if its related to this, which has just crossed wires (Reuters )

more to come