Although Venezuela remains subject to sanctions targeting the Government of Venezuela (GoV) and entities in which it holds a 50% or greater ownership interest, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of General Licenses (GLs) representing the broadest easing of Venezuela-related sanctions in years.

The Trump Administration issued its “America’s Maritime Action Plan” on February 13, 2026. The MAP, as it is generally referred to, was called for by the President’s April 9, 2025, Executive Order titled “Restoring America’s Maritime Dominance.” 

On January 8, 2026, the Ninth Circuit Court of Appeals allowed U.S. company Seagate Technology LLC and its foreign entities—Seagate Thailand and Seagate Singapore—to move forward with their claims against Japanese company NHK Spring Co., Ltd. under United States antitrust (i.e., competition) laws.