US weighs more sanctions on Venezuela to halt fuel deals - Bloomberg

The Trump administration is mulling additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the Latin American country, according to Bloomberg. 

More sanctions, if approved, could target crude swaps with companies in Europe and Asia.

Venezuelan oil exports have already declined to the lowest level since 1950 due to ongoing sanctions. Additional sanctions would only worsen the problem. The nation needs oil prices of more than $300 to balance its budget.