The US government has extended a measure protecting Citgo, the US-based subsidiary of Venezuela’s state oil company PDVSA, from creditors until August. This action, taken by the Treasury Department under the Trump administration, prevents creditors from seizing Citgo assets. Simultaneously, the US has eased sanctions on Venezuela’s state airline, Conviasa. The move regarding Citgo is intended to safeguard the company amidst ongoing financial disputes related to Venezuela’s economic crisis. While sanctions on Conviasa have been relaxed, the broader US policy of pressure on the Venezuelan government remains largely in place. The continuation of the Citgo protection highlights the strategic importance the US places on maintaining control of the oil company. These decisions represent a nuanced shift in US policy towards Venezuela.