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Middle East tensions may support Venezuela’s oil sector

Concerns about escalating tensions in the Middle East and the impact on global oil supplies increase the likelihood that the US will renew its sanctions waiver on Venezuela when the current one expires on Thursday. A rise in key oil exports would help the economy, which is finally pulling out of its multi-year depression. But the real test will come with July’s election, which could lead to a re-imposition of sanctions.

In view of the wider interest, we are also sending this Latin America Economics Update to clients of our Energy service.

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