REPORTS coming out of Washington DC have indicated that US President Donald Trump has reversed concessions given to Venezuela by former president Joe Biden, that allowed Chevron to expand its production in Venezuela and bring the country’s crude oil to the United States.

A Reuters report said Trump made the announcement in a post on Truth Social, saying that he was “reversing the concessions” of the “oil transactions agreement, dated November 26, 2022.”

"We are hereby reversing the concessions that crooked Joe Biden gave to Nicolas Maduro, of Venezuela," he said in his Truth Social post.