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Trump told reporters on Sunday that he could order another strike if Venezuela does not cooperate with US efforts to open up its oil industry and stop drug trafficking
US military operation in Venezuela followed months of rising tensions, during which Washington sank more than 30 suspected drug-smuggling vessels since September 2025
After the seizure of Maduro, President Donald Trump said US companies would spend billions of dollars to rebuild Venezuela's crumbling energy infrastructure
Rubio emerged as the administration's chief public voice on Venezuela, laying out hints of strategy after the US swooped into Caracas to remove President Maduro and fly him to New York for trial
US President Donald Trump hinted at possible military action against Colombia after regime change operation in Venezuela, accusing its leadership of drug trafficking
Years of corruption, underinvestment, fires and thefts have left the nation's crude infrastructure in tatters
The remarks followed a late-Saturday post on X by Katie Miller, the wife of Trump deputy chief of staff Stephen Miller, showing Greenland depicted in the colors of the US flag alongside the single-wor
SINGAPORE, Jan 5 (Reuters) - Asian stocks opened higher and oil prices were choppy on Monday as investors looked past U.S. military action over the weekend in Venezuela to prepare for a packed week of economic data releases in the first full trading week of the year. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.3%, while S&P 500 e-mini futures were last 0.1% higher. Investors are assessing the repercussions of a dramatic weekend of events, which saw the U.S. capture Venezuelan President Nicolas Maduro. President Donald Trump said on Saturday he was putting Venezuela under temporary American control. "The removal of Venezuelan President Nicolas Maduro by the U.S. is unlikely to have meaningful near-term economic consequences for the global economy," said Neil Shearing, group chief economist at Capital Economics. "But its political and geopolitical ramifications will reverberate." WTI crude futures fluctuated between gains and losses and .
When deposed Venezuelan leader Nicols Maduro makes his first appearance in a New York courtroom Monday to face US drug charges, he will likely follow the path taken by another Latin American strongman toppled by US forces: Panama's Manuel Noriega. Maduro was captured Saturday, 36 years to the day after Noriega was removed by American forces. And as was the case with the Panamanian leader, lawyers for Maduro are expected to contest the legality of his arrest, arguing that he is immune from prosecution as a sovereign head of foreign state, which is a bedrock principle of international and US law. It's an argument that is unlikely to succeed and was largely settled as a matter of law in Noriega's trial, legal experts said. Although Trump's ordering of the operation in Venezuela raises constitutional concerns because it wasn't authorised by Congress, now that Maduro is in the US, courts will likely bless his prosecution because, like Noriega, the US doesn't recognise him as Venezuela's .
He added that current measures, including an oil quarantine and large naval deployments, are aimed at pressuring the Venezuelan regime
An anxious quiet fell over Venezuela's capital on Sunday as trepidation mixed with joy while a nation waited to see what comes next. People were slow to resume routines in Caracas after President Nicols Maduro was deposed and captured in a dramatic US military operation. Dozens of stores, restaurants and churches remained closed. Those on the streets looked shell-shocked, staring at their phones or into the distance. People are still shaken, said 77-year-old David Leal, who arrived to work as a parking attendant but realised he likely would not have customers. He pointed to the deserted street, a few blocks from Venezuela's presidential palace, which was guarded by armed civilians and military personnel. 'May God give us strength' ---------------------------- Venezuela is no stranger to political tumult, but the the dead-of-night US military operation early Saturday marked a new chapter with no ready script. US President Donald Trump initially said the US would run the country un
President Donald Trump's military intervention in Venezuela will pose a fresh test of his ability to hold together a restive Republican coalition during a challenging election year. While most Republicans lined up behind the president in the immediate aftermath of the stunning US mission to capture Venezuelan leader Nicolas Maduro and bring him to the United States to face criminal charges, there were signs of unease across the spectrum within the party. In particular, Trump's comments about the US positioning itself to run Venezuela have raised concerns that he is abandoning the America First philosophy that has long distinguished him from more traditional Republicans and helped fuel his political rise. This is the same Washington playbook that we are so sick and tired of that doesn't serve the American people, but actually serves the big corporations, the banks and the oil executives, outgoing GOP Rep. Marjorie Taylor Greene of Georgia, a former Trump ally, told NBC's Meet the Pre
US President Donald Trump told The Atlantic on Sunday in a telephone interview that Delcy Rodrguez, Venezuela's vice president, could pay a very big price if she doesn't do what he thinks is right for the South American country. That contrasted with the Republican president's comments about Rodrguez on Saturday when he said Secretary of State Marco Rubio had spoken with her and that she was willing to do what the US thinks is needed to improve the standard of living in Venezuela. But Rodrguez has criticised Venezuelan leader Nicolas Maduro's removal from the country and has demanded that the US return him. Trump told the magazine that if she doesn't do what's right, she is going to pay a very big price, probably bigger than Maduro. The president told the New York Post in an interview Saturday that the US wouldn't need to station troops in Venezuela if she does what we want.
North Korea said Monday that leader Kim Jong Un observed test-flights of hypersonic missiles and underscored the need to bolster the country's nuclear war deterrent, as the country dials up weapons displays ahead of its major political conference. North Korea reported on the drill a day after its neighbours said they detected multiple ballistic missile launches and accused the North of carrying out provocations. The tests came just hours before South Korean President Lee Jae Myung departed for China for a summit with President Xi Jinping. The official Korean Central News Agency said Sunday's drill involving a hypersonic weapon system was meant to examine its readiness, enhance missile troops' firepower operational skills and evaluate operational capabilities of the country's war deterrent. Through today's launching drill, we can confirm that a very important technology task for national defense has been carried out, Kim said, according to KCNA. We must continuously upgrade the ...
US action in Venezuela may lift oil prices briefly, but officials say India's energy supplies and trade face minimal risk given limited exposure and reduced crude imports
"The incident is another example that clearly confirms once again the rogue and brutal nature of the United States," KCNA said, citing a spokesperson for North Korea's Foreign Ministry
US forces have captured Venezuelan President Nicolás Maduro, an intervention that is raising urgent questions about its implications for oil production, prices, exports and global supply chains
Tensions between Saudi Arabia and the UAE flared last month over a decade-long conflict in Yemen, when a UAE-aligned group seized territory from the Saudi-backed government
China on Sunday called on the United States to release Venezuelan President Nicolas Maduro and his wife at once and resolve issues through dialogue and negotiation. China expresses grave concern over the US forcibly seizing President Nicolas Maduro and his wife and taking them out of the country, a Chinese Foreign Ministry statement here said. The move is in clear violation of international law, basic norms in international relations, and the purposes and principles of the UN Charter, it said. China calls on the US to ensure the personal safety of President Nicolas Maduro and his wife, release them at once, stop toppling the government of Venezuela, and resolve issues through dialogue and negotiation," it added. The ministry earlier on Saturday condemned the US airstrikes on Venezuela and the capture of Maduro and his wife, describing it as a hegemonic act that seriously violates international law. China is deeply shocked by and strongly condemns the US' blatant use of force again
A US-led takeover or restructuring of Venezuela's oil sector could deliver a direct benefit to India, potentially unlocking close to USD 1 billion in long-pending dues while accelerating the revival of crude production from fields it operates in the sanctions-hit Latin American nation, analysts and industry sources said. India was once a major processor of Venezuelan heavy crude, importing more than 4,00,000 barrels per day at peak levels, until sweeping US sanctions and rising compliance risks forcibly shut down purchases in 2020. Its flagship overseas producer, ONGC Videsh Ltd (OVL), jointly operates the San Cristobal oilfield in eastern Venezuela, but output has been severely curtailed as US restrictions blocked access to critical technology, equipment, and services - leaving commercially viable reserves effectively stranded. Venezuela has failed to pay OVL USD 536 million in dividends due on its 40 per cent stake in the field up to 2014, and a near-equivalent amount for the ...