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THE US is seeking to terminate all oil and natural gas licences with Venezuela that were approved by the former Joe Biden administration.

In a post on social media, US secretary of state Marco Rubio said, "Today, pursuant to @POTUS (president of the United States) directive, I am providing foreign policy guidance to terminate all Biden-era oil and gas licenses that have shamefully bankrolled the illegitimate (Venezuelan president Nicolas) Maduro regime."

This announcement comes one day after US president Donald Trump announced a license granted under the Biden administration in November 2022 for Chevron to operate joint ventures with Venezuela's state-controlled oil company PDVSA, was cancelled.