Rex Tillerson is talking about drastic action against one of the world’s biggest oil producers — again

REUTERS/Miraflores Palace

• Secretary of State Rex Tillerson suggested again the US could take action against Venezuela’s oil industry.
• Sanctioning oil would be a drastic move, and it is the latest hint by the US that it could further crack down on Venezuela.
• Other countries in the region have been wary of US moves, and Tillerson’s latest remarks drew rebuke in Venezuela.

Secretary of State Rex Tillerson again mentioned drastic action against the Venezuelan government this weekend, saying the US is considering restrictions on oil imports and exports to the South American country.

“Obviously, sanctioning the oil or in effect prohibiting the oil to be sold in the United States, or for the United States as well to sell or provide oil to Venezuela, or refined products, is something we continue to consider,” Tillerson said on Sunday in Argentina.

See the rest of the story at Business Insider

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See Also:

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• Mexican drug cartels are preying on a multibillion-dollar industry and taking a deadly toll on the workers who run it

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