Tillerson says US considers Venezuela oil sale restrictions

Tillerson said today in Argentina's capital that the US wants "free, fair, and verifiable elections" in Venezuela, and wants to apply enough pressure to end the crisis in the South American country.
US Secretary of State Rex Tillerson. (File | Associated Press)
US Secretary of State Rex Tillerson. (File | Associated Press)

BUENOS AIRES: Secretary of State Rex Tillerson says that the US is still considering restricting the sale of oil from crisis-torn Venezuela.

Tillerson said today in Argentina's capital that the US wants "free, fair, and verifiable elections" in Venezuela, and wants to apply enough pressure to end the crisis in the South American country.

But he also said that he wants to find ways to mitigate the negative impact that sanctions would have on US oil companies, Venezuelans and other regional countries that rely on Venezuelan oil.

Venezuela sits atop the world's largest oil reserves and is the third-largest supplier to the US.

International pressure has been increasing on Venezuela over the government's decision to push up presidential elections to April under conditions that opponents say overwhelmingly favor President Nicolas Maduro.

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