Venezuela's opposition coalition has urged the U.S. to revoke licenses for Chevron and other energy firms, aiming to pressure President Nicolás Maduro into negotiating a power transition. This appeal, made by adviser Rafael de la Cruz during a Washington panel, cites the licenses as a 'lifeline to the regime' and emphasizes the dire socioeconomic conditions under Maduro. The Unitary Platform coalition, backed by Edmundo González Urrutia and Maria Corina Machado, claims to have won the July 28 election, contradicting official results declaring Maduro the victor. Chevron is the largest firm operating under a U.S. license, granted after negotiations began in 2022 following a brief easing of sanctions. Recent developments indicate a potential return to stricter measures as hopes for democratic reforms decline. The Biden administration has left avenues open for companies to seek exemptions from these restrictions, which could attract further investment into Venezuela's oil sector.