As war squeezes supply, the US allows Venezuela to sell fertilizer

The U.S. Treasury Department has issued a license allowing maintenance of Venezuela's power grid (a key step in revitalizing the oil and other industries), and expanded the definition of "Venezuelan-origin oil" in the existing license to facilitate the implementation of fertilizer measures. This move aims to stimulate Venezuela's economy while helping American farmers secure fertilizer supplies during the peak spring planting season, as the Iran war has disrupted global supply chains.