Core Viewpoint - The U.S. has granted Trinidad and Tobago a license to negotiate a gas deal with Venezuela, allowing them to proceed without facing U.S. sanctions, which is crucial for Trinidad and Tobago's energy strategy and economic stability [1][2]. Group 1: License and Negotiation - The U.S. Treasury Department issued a license that permits Trinidad and Tobago to engage in gas transactions in Venezuelan waters, which are otherwise prohibited due to U.S. sanctions [1][2]. - Trinidad and Tobago has six months to negotiate the deal, with specific targets set by the U.S. that must be met during this period [2][4]. - The new license allows for initial negotiations but does not cover the entire gas project, indicating a phased approach to development [4][7]. Group 2: Economic Implications - The gas project is viewed as essential for Trinidad and Tobago to increase its gas production and generate new revenue streams, especially as government spending has outpaced income in recent years [3]. - The U.S. has expressed support for the gas deal while ensuring it does not significantly benefit the Maduro regime in Venezuela, highlighting the geopolitical considerations involved [5][6]. Group 3: Historical Context - A previous license for the same gas project was granted in October 2023 but was revoked in April, which had negatively impacted Trinidad and Tobago's energy security [6]. - The terms of the new license differ from the previous one, although specific details have not been disclosed [7].

Economic Context - Iranian locals are adopting Bitcoin and crypto due to a collapsing rial and U S sanctions [1] - The rial has decreased in value by over 90% since 2018 [1] Cryptocurrency Adoption - Bitcoin is perceived as "Freedom Money" in Iran [1]

Core Viewpoint - Chevron Corporation has been ordered by the Trump administration to cease operations in Venezuela within 30 days, significantly impacting both U.S. and Venezuelan oil markets [1][2]. Group 1: Chevron's Operations and Impact - Chevron has been operating in Venezuela since 2022 under a U.S. sanctions exception, exporting crude oil and recovering billions in debt [2]. - The company’s joint ventures with PDVSA account for nearly 20% of Venezuela's oil output, which has stabilized the country's economy and controlled inflation [3]. - Chevron's operations have provided a steady revenue stream for Venezuela through royalties and taxes, benefiting its oil and banking sectors [6]. Group 2: Market Implications - The termination of Chevron's license will likely reduce Venezuela's oil revenues and could pressure U.S. gasoline prices, increasing risks for U.S. companies investing abroad [4]. - Chevron's Venezuelan oil exports decreased from 294,000 barrels per day in January to 252,000 barrels per day in February, indicating a downward trend that may affect global crude supply chains [5]. - The loss of Chevron's payments may weaken Venezuela's exchange market, leading to currency depreciation and further economic instability [7].