Who’d Lose Most From U.S. Ban on Venezuela Crude?

U.S. President Donald Trump may turn up the pressure on Venezuela’s crippled regime by going after the most vital link between the two countries: crude oil. The Trump administration is considering a ban on oil imports from Venezuela as part of a spate of sanctions to punish President Nicolas Maduro, people familiar with the matter told Bloomberg News. Maduro’s government has been accused of corruption and attempts to quash political opposition. Targeting crude oil is controversial even within the White House, where some officials say it would impose too much pain -- on both countries. More…