Trump orders Global Oil Terminals to leave Venezuela, WSJ says

The Trump administration has ordered Republican donor Harry Sargeant III’s oil-trading company to leave Venezuela, the Wall Street Journal reports.

Global Oil Terminals is the second US oil company to lose the authorization to work in Venezuela after Chevron received a similar notice last month, the paper said. The firm has until May 27 to wind down its operations in the South American nation, the Journal reported.

Global Oil must complete all payments to Venezuelan entities by Wednesday, according to the report, citing a letter from the Treasury Department.