The Trump administration is revoking Chevron's Venezuela oil license in a blow to the Maduro regime. Director of the Americas Program at the Center for Strategic & International Studies Ryan Berg joins José Díaz-Balart to discuss the potential impact of the move.

Chevron (NYSE:CVX) +1.3% in Thursday's trading as Reuters reports the cancellation of its license to operate in Venezuela could lead to the negotiation of a new agreement between the U.S. company and state company PDVSA to export crude to destinations other than the U.

President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday. Trump detailed the decision in a lengthy post on Truth Social, stating that Venezuelan President Nicolas Maduro had not upheld his end of the bargain.