U.S. policy toward Venezuela has shifted across administrations and within the Biden era. The U.S. imposed broad sanctions, including on the state oil company PDVSA, in response to the Maduro government's consolidation of power and disputed 2018 election. The Trump administration recognized opposition leader Juan Guaidó as interim president; the Biden administration later dropped that recognition while continuing to challenge the Maduro government's legitimacy.
In 2023-24, the U.S. temporarily eased oil sanctions in exchange for the Maduro government's commitments on a competitive 2024 election; the U.S. reimposed many sanctions after the government barred leading opposition candidates and disputed the announced results. Venezuelan migration to the U.S. southern border surged through this period as the economy and humanitarian conditions deteriorated.
Debates center on whether sanctions pressure the regime or harm ordinary Venezuelans, the role of oil-sector concessions in negotiations, recognition of the National Assembly or opposition, and humanitarian protections for Venezuelans in the U.S.