The Trump administration has withheld approval for several Western oil majors seeking to operate in Venezuela, intensifying pressure on President Nicolás Maduro's government. While non-American companies face restrictions, Chevron Corp., a U.S.-based firm, continues to be allowed to operate in the country. This selective policy effectively excludes European and Indian oil companies from Venezuelan oil deals, ensuring continued supply for U.S. refiners while tightening economic constraints on Maduro's regime. The move marks a strategic approach by the Trump administration to influence Venezuela's oil sector and political landscape.