January 12, 2026 9:54 AM

Cuba defiant after Trump says island to receive no more Venezuelan oil or money

U.S. President Donald Trump on Sunday said no more Venezuelan oil or money will go to Cuba and suggested the Communist-run island should strike a deal with Washington, ramping up pressure on the long-time U.S. nemesis and provoking defiant words from the island's leadership. Venezuela is Cuba's biggest oil supplier, but no cargoes have departed from Venezuelan ports to the Caribbean country since the capture of Venezuelan President Nicolas Maduro by U.S. forces in early January amid a strict U....

January 9, 2026 2:45 PM

US Senate votes to curb military action in Venezuela, Trump says oversight could last years

The U.S. Senate voted on Thursday to advance a resolution that would bar President Donald Trump from taking further military action against Venezuela without congressional authorization, even as Trump said U.S. oversight of the troubled nation could last years. The Senate voted 52 to 47 on a procedural measure to advance the war powers resolution, as a handful of Trump's fellow Republicans voted with every Democrat in favor of moving ahead toward a final vote on the matter. Trump told the New ...

January 8, 2026 4:22 PM

Trump says US oversight of Venezuela could last years

The United States could oversee Venezuela and control its oil revenue for years, President Donald Trump said in an interview published on Thursday. During what the New York Times described as a wide-ranging, two-hour interview, the paper said Trump also appeared to lift a threat to take military action against Venezuela's neighbour Colombia. Trump invited Colombia's leftist leader, whom he had previously called a "sick man", to visit Washington. "Only time will tell" how long the United States...

January 7, 2026 9:53 AM

“Concerned at developments in Venzuela”: EAM Jaishankar says India wants well being of Venezuelans

External Affairs Minister S. Jaishankar on Tuesday said India is concerned about the recent developments in Venezuela, marking the first strong public statement following the latest US actions in the South American country. “Yes, we are concerned about developments in Venezuela. We would urge all parties to sit down and work towards ensuring the well-being and safety of the people of Venezuela, because at the end of the day, that is our primary concern. Venezuela is a country with which we ha...

January 6, 2026 12:13 PM

Global oil markets show muted reaction to Venezuela political upheaval

Two days after U.S. forces captured Venezuelan President Nicolás Maduro in a surprise operation in Caracas, global energy markets opened to cautious trading, with oil prices showing only modest movement despite the geopolitical shock. Futures briefly firmed in Asian trade on Monday, but analysts said the muted reaction reflected Venezuela’s sharply diminished output, now below one million barrels per day, and a market already weighed down by surplus supply and weak demand. The developments co...

January 5, 2026 11:57 AM

Maduro’s capture delivers blow to Tehran as Iranian protesters take to streets

The United States captured Venezuelan President Nicolás Maduro on January 3, 2026, after a series of airstrikes under Operation Absolute Resolve. The development is a setback for Iran, which is facing its own internal unrest. The timing of Maduro's fall could not be more precarious for Tehran. Protests across Iran began in late December after the rial plunged to record lows, triggering demonstrations that have spread to at least 17 of Iran's 31 provinces. The unrest has already claimed lives, w...

January 4, 2026 5:36 PM

Trump says US will run Venezuela after Maduro seized

Venezuela's toppled leader Nicolas Maduro was in a New York detention center on Sunday awaiting drug charges after President Donald Trump ordered an audacious raid to capture him, saying the U.S. would take control of the oil-producing nation. The image of the 63-year-old Maduro blindfolded and handcuffed en route to the U.S. has stunned Venezuelans and was Washington's most controversial intervention in Latin America since the invasion of Panama 37 years ago. Maduro, who wished his captors a ...

January 4, 2026 2:40 PM

India calls developments in Venezuela a ‘matter of concern’, urges peaceful dialogue

India on Sunday expressed deep concern over the recent developments in Venezuela and called upon all parties to peacefully resolve issues through dialogue, stressing the importance of regional peace and stability. In a statement, the Ministry of External Affairs (MEA) said it is closely monitoring developments in the South American nation. “Recent developments in Venezuela are a matter of deep concern. We are closely monitoring the evolving situation. India reaffirms its support to the well-...

January 4, 2026 12:40 PM

Maduro is out but his top allies still hold power in Venezuela

The U.S. capture of Venezuelan leader Nicolas Maduro - praised by President Donald Trump as stunning and powerful - leaves behind uncertainty about who is running the oil-rich country. Trump said on Saturday that Vice President Delcy Rodriguez, part of the powerful cabal at the top of the country's government, had been sworn in after Maduro's arrest and that she had spoken with U.S. Secretary of State Marco Rubio, leading to speculation that she would take the reins. Under Venezuela's constitu...

January 4, 2026 12:48 PM

Venezuelan oil industry: World’s largest reserves, decaying infrastructure

Following are key facts about the oil industry of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump. RESERVES Venezuela has the world's largest oil reserves but its crude output remains at a fraction of capacity due to mismanagement, lack of investment and sanctions, official data shows. Venezuela holds about 17% of global reserves or 303 billion barrels, ahead of Organization of the Petroleum Exporting Countries (OPEC)...