LOS ANGELES, March 13 (Reuters) - The United States on Friday updated waivers to Venezuela sanctions aimed at easing the way for investment and activities related to the country's oil and the export of fertilizer, as prices rise amid U.S. strikes on Iran.

The U.S. Treasury Department issued three updated general licenses on Friday as part of the move. In a post on X, the department said it "updated several Venezuela-related licenses to further support the revitalization of the country's energy sector and help ensure a well-supplied global commodity market."

"These authorizations expand permitted investment and activities in Venezuela's energy industry and allow for the export of fertilizer directly to the U.S. to support our great American farmers," the Treasury Department said in a post on X.