The U.S.-Venezuela Agreement: Big Hopes and Big Questions
The U.S. temporarily reversed some key restrictions—but set a short deadline for Maduro’s regime to comply with conditions. Are fair elections set to happen in 2024?
CARACAS—In less than 72 hours, Venezuela’s outlook has changed. On Tuesday, the government and the opposition’s Unitary Platform inked a new political agreement, setting the stage to carry out open and fair general elections in the second half of 2024. A day later, Maduro’s administration released high-level political prisoners, and the U.S. lifted most of its sanctions on oil, gas and gold, throwing a lifeline to a reeling economy that could eventually end the pariah-like status for the nation and its extractive industry. The speed of the events and their profound...
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