Will the United States materially ease oil sanctions on Venezuela this quarter?
Horizon — by end Q4 2026
Scored to 2026-12-26: the criterion says “within 90 days”, 5 days before the horizon above. The criterion is what the read is settled against.
Resolves 'occurred' if the US issues a general or sector license that measurably raises Venezuelan crude exports within 90 days.
The full wording is at the foot of this page.
- 01ActorUnited States — political conditionality tied to Venezuelan governance, balanced against oil-market relief
- 02ActorVenezuela — revenue and legitimacy without meeting the political conditions
- 03ActorUS oil buyers — additional heavy crude supply if licensing widens
- 04Would change ita Venezuelan political concession that unlocks conditional relief
- 05Would change ita tightening of the global heavy-crude balance that raises the value of the barrels
- 06Would change ita US policy shift on the whole sanctions posture
- 07ReasoningEasing has been repeatedly conditioned on political steps that have not been met, so on the base rate a material loosening inside a quarter is unlikely.
Easing has been repeatedly conditioned on political steps that have not been met, so on the base rate a material loosening inside a quarter is unlikely.
United States — political conditionality tied to Venezuelan governance, balanced against oil-market relief
Venezuela — revenue and legitimacy without meeting the political conditions
US oil buyers — additional heavy crude supply if licensing widens
a Venezuelan political concession that unlocks conditional relief
a tightening of the global heavy-crude balance that raises the value of the barrels
a US policy shift on the whole sanctions posture
Resolves 'occurred' if the US issues a general or sector license that measurably raises Venezuelan crude exports within 90 days. Resolves 'did_not_occur' if sanctions stay in force or licensing stays narrow.
Source of record
OFAC actions and Venezuelan export data — named in the criterion