The Trump administration on Tuesday gave Chevron 30 days to stop oil production in Venezuela after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns.

The Treasury Department moved Tuesday to formally rescind a Biden-era license allowing Chevron to pump oil in Venezuela, giving the company 30 days to wind down operations as the Trump administration pressures President Nicolás Maduro.

President Donald Trump said Wednesday he is revoking the license that allows the Venezuelan government to export oil to the United States, claiming that the South American country has failed to take back Venezuelan deportees from the U.