The U.S. extended Chevron's wind-down of oil exports from Venezuela by two months on Monday, after President Donald Trump said that any country buying oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States.

President Trump on Monday said the U.S. will impose a 25% tariff on imports from countries that purchase oil or gasoline from Venezuela.

President Trump said in a social-media post that he would impose a 25% tariff on any country that buys oil or gas from Venezuela, an arrangement that could allow Chevron to continue to do business there.