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Venezuela is in the grip of a deepening crisis after a large-scale US military operation led to the capture of President Nicolás Maduro and his wife, Cilia Flores, triggering global alarm over sovereignty and international law. US President Donald Trump later said Washington would oversee Venezuela’s administration during a transition period and suggested the country’s vast oil fields would be operated under US control. For now, Maduro's deputy Delcy Rodríguez has taken over the administration, vowing to cooperate with the Trump administration.
The deal between Washington and Caracas could initially require cargoes that were bound for China to be rerouted, sources told Reuters
Spot gold dropped 0.8 per cent to $4,461.51 per ounce, as of 1001 GMT, after briefly touching a more than one-week high earlier in the session
Updated On : 07 Jan 2026 | 6:06 PM ISTVisitors from 25 newly added countries may need to post bonds of up to $15,000 for B1/B2 visas under a Trump-era pilot scheme
Updated On : 07 Jan 2026 | 5:00 PM ISTIn a further development, President Trump announced that Venezuela's interim authorities would provide between 30 million and 50 million barrels of high-quality
Updated On : 07 Jan 2026 | 3:32 PM ISTAccording to the NYT, Trump, during the interview, did not provide any indication of when elections would be held in Venezuela
Venezuela's military held a funeral in the capital Wednesday for some of the dozens of soldiers killed during the US operation that captured then-President Nicols Maduro. Music from a military orchestra echoed over the cemetery as family members and soldiers marched behind a row of caskets. Men carried the wooden caskets cloaked in the Venezuelan flag past rows of uniformed officers. Thank you for letting them embrace a military career, a military commander, Rafael Murillo, said to families surrounding him at the cemetery on the city's south side. The men were honored with a gun salute as the caskets were lowered into the ground and their loved ones wailed. Armed National Guard members patrolled parts of the cemetery for hours before and during the ceremony that followed an emotional wake. The funeral came a day after acting President Delcy Rodrguez declared a seven-day mourning period for the fallen officers. Venezuela's military has said at least 24 Venezuelan officers were kill
A senior State Department official said that they are making preparations to allow for a reopening should Trump make that decision
Venezuela is tense after US forces captured Nicolas Maduro; journalists were detained, emergency rules imposed, and Washington has announced plans linked to Venezuelan oil
Mirae Asset Sharekhan expects global oil market to be in surplus for a pro-longed period. It predicts WTI crude oil to hit $48 per barrel-mark in 2026
Russia is alarmed by US seizures of tankers that carry illicit Russian oil, which helps fund its economy
In a speech to Republican members of Congress at the Kennedy Centre, Trump described Maduro as a 'violent guy' who had 'killed millions of people'
There has been a sharp rise in shadow fleet tankers switching to the Russian flag in the past month, with at least 17 vessels having done so in recent weeks
Trump says Venezuela's interim authorities will hand over 30-50 million barrels of sanctioned oil to the US at market price, with proceeds controlled by him, following the capture of Nicolás Maduro
The Nobel Peace Prize winner said her movement stood ready to contest and win a free election, even as uncertainty persisted over Washington's next steps, readiness to engage with interim authorities
An unidentified trader made over $400,000 by betting on Nicolás Maduro's removal shortly before the US announced its action
Ukraine's allies are meeting Tuesday in Paris for key talks that could help determine the country's security after a potential ceasefire with Russia. But prospects for progress are uncertain, with the Trump administration's focus shifting to Venezuela while suggestions of a Greenland takeover are causing tension with Europe. Before the US capture of Venezuelan leader Nicolas Maduro, French President Emmanuel Macron had expressed optimism about the latest gathering of so-called coalition of the willing nations. For months, they have been exploring how to deter any future Russian aggression should it agree to stop fighting Ukraine. In a Dec. 31 address, Macron said that allies would make concrete commitments at the summit to protect Ukraine and ensure a just and lasting peace." Macron's office said Tuesday's meeting will gather an unprecedented number of officials attending in person, with 35 participants, including 27 heads of state and government. The US will be represented by ...
Cuban Ambassador to India Juan Carlos Marsan Aguilera on Monday strongly condemned the US military operation in Venezuela that led to the capture of President Nicolas Maduro and his wife, terming it a "criminal act" and a "terrorist act" that violates the United Nations Charter and international law. In an exclusive interview with PTI Videos here, Aguilera emphasised that no single nation can stop the United States from such unilateral actions and called for the world to unite forces to counter what he described as Washington's "madness" in international policy. "This US military aggression towards Venezuela, in my opinion, is a criminal act. It's a terrorist act because it violates all the principles contained in the United Nations Charter and international law. It is a unilateral action against a sovereign country," the ambassador said. Highlighting broader US actions, including tariff wars, threats to Iran and military strikes, the ambassador stressed the need for global unity.
Venezuela produces only about 0.8 per cent of global crude output despite holding 18 per cent of the world's oil reserves, reflecting years of underinvestment and infrastructure constraints
His simple statement in federal court was aimed directly at contradictions in the Trump administration's actions in the Caribbean
Ukraine's allies are meeting on Tuesday in Paris for key talks that could help determine the country's security after a potential ceasefire with Russia. But prospects for progress are uncertain with the Trump administration's focus shifting to Venezuela. Before the US capture of Venezuelan leader Nicolas Maduro, French President Emmanuel Macron had expressed optimism about the latest gathering of so-called coalition of the willing nations. For months, they have been exploring how to deter any future Russian aggression should it agree to stop fighting Ukraine. In a December 31 address, Macron said that allies would make concrete commitments at the summit to protect Ukraine and ensure a just and lasting peace." Macron's office said on Tuesday's meeting will gather an unprecedented number of officials attending in person, with 35 participants, including 27 heads of state and government. The US will be represented by President Donald Trump's envoys, Steve Witkoff and Jared ...