US considering broad oil-related sanctions on Venezuela to pressurize Maduro

Reuters quoted a statement from an unnamed US official, as saying that the US is considering imposing the new broad oil-related sanctions on Venezuela to put pressure on President Maduro.

Key Points:

The US new sanctions on Venezuela could include targeting military oil services firm and restricting insurance on oil shipments.

Trump administration official does not rule out complete US oil embargo on Venezuela, saying it would cause "fairly strong shock" to oil market short-term.