Reported about 5 hours ago
U.S. President Donald Trump's recent cancellation of oil licenses for foreign companies in sanctioned Venezuela is anticipated to exacerbate inflation in the country. Analysts warn that this move will reduce the availability of dollars in the exchange market, leading to further depreciation of the bolivar and rising prices. This cancellation poses yet another economic hurdle for President Nicolas Maduro, whose administration has struggled to control inflation despite implementing strict economic measures. The decision has significant implications for Venezuela's oil revenues and overall economic stability.
Source: YAHOO