VENTURE CAPITAL POST

Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.

The EU-US negotiations, already overshadowed by the revelations of former NSA contractor Edward Snowden, now faced even more delays due to the partial deadlock in the US government, said a Reuters report.

The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.