Feb 4, 2018

Trump administration weighing sanctions on Venezuelan oil

U.S. Secretary of State Rex Tillerson. Photo: Carlos Tischler/NurPhoto via Getty Images

Secretary of State Rex Tillerson said on Sunday that the Trump administration is deciding whether to impose restrictions on Venezuelan crude oil exports and the exportation of U.S. refined products to the country, per Reuters.

The backdrop: This consideration, Tillerson said, is part of an attempt to punish the regime of Venezuelan President Nicolas Maduro and have him “return to the constitution,” according to Reuters.

  • Argentine Foreign Minister Jorge Faurie, who stood next to Tillerson at a press conference in Buenos Aires, Argentina, said his country would also consider imposing oil and fuel sale restrictions, per Reuters. But he cautioned that the sanctions “must never harm the Venezuelan people.” Other Latin American governments have reportedly refused to follow suit out of a belief that sanctions would worsen Venezuela's humanitarian crisis.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 9:30 a.m. ET: 737,929 — Total deaths: 35,019 — Total recoveries: 156,507.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9:30 a.m. ET: 143,055 — Total deaths: 2,513 — Total recoveries: 4,865.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30.
  4. Trump latest: The president brushed aside allegations that China is spreading misinformation about the origin of the coronavirus on "Fox & Friends."
  5. Business updates: Americans are calm about their retirement savings despite coronavirus fallout.
  6. World updates: Israeli Prime Minister Benjamin Netanyahu will self-isolate after an aide tested positive for coronavirus.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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BIG3 to create a hybrid reality show about quarantine basketball

Illustration: Aïda Amer/Axios

Sports are on pause, and there's no timetable for their return. In the interim, leagues, teams and athletes are getting creative with ways to keep fans engaged.

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