The Trump administration's escalating crackdown on Venezuela's sanctioned oil shipments has thrust Chevron into an unusually precarious position.As the last U.S. oil company left in Venezuela, Chevron is operating in the high-tension space between Washington’s pressure campaign and the world’s largest oil reserves.That campaign was on full display on Dec. 10, when U.S. authorities seized a nondescript tanker that had been quietly moving Venezuelan crude, just one ship in a shadow fleet that keeps sanctioned oil flowing. This week, Trump pushed the campaign to a new level, ordering a "total and...

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