Venezuela, Maduro
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The U.S. military captures Venezuelan leader Nicolás Maduro, threatening Cuba's economy as the nation loses a key provider of oil supplies for communist country's energy sector.
The main risk to the U.S. economy from the Trump administration's capture of Venezuela's leader over the weekend would stem from rising oil prices, Minneapolis Federal Reserve President Neel Kashkari said on Monday,
The U.S. capture of former Venezuelan President Nicolás Maduro has raised more questions about the country's leadership, economy, and its people.
New developments involving Venezuela are drawing international attention, as experts warn the situation could have political and economic consequences well beyond the country’s borders.
Venezuela’s new leader, Delcy Rodríguez, is a socialist true believer who helped Nicolás Maduro maintain his grip on power for more than a decade as the country’s economy crumbled.
Venezuela's gold reserves have drastically dropped as a result of the government's misuse of the metal to secure loans, settle debts, and infuse foreign currency into its economy amid a severe economic crisis and U.S. sanctions, according to Reuters.
It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
Cubans weary from years of economic crisis, shortages of basic supplies and regular power blackouts, fear the US attack on Venezuela, a leftist ideological ally and its main oil supplier,
As uncertainty simmers in Venezuela, interim President Delcy Rodríguez has taken the place of her ally President Nicolás Maduro, captured by the United States in a nighttime military operation, and offered “to collaborate” with the Trump administration in what could be a seismic shift in relations between the adversary governments.
The president’s move against Venezuela comes as high prices and economic unease continue to shape the midterm landscape.
Venezuela faces massive economic challenges after Maduro, from hyperinflation and oil collapse to currency reform and rebuilding PDVSA amid deep structural damage.