What Oil Sanctions on Venezuela Might Look Like

The video discusses potential US sanctions on Venezuela, focusing on two main options: sanctions on US light oil exports and a ban on Venezuelan crude to the US. The first option is unlikely to impact Venezuela significantly due to the availability of light sweet crude on the market. The second option, banning Venezuelan crude, could have severe economic consequences for Venezuela, potentially leading to default and production shutdowns. This could also affect the US, causing gasoline prices to rise and impacting the oil market.

What would happen to Venezuela if the US stops buying its crude oil?

How might gasoline prices in the US be affected by changes in Venezuelan oil exports?