Nicolás Maduro

In a move set to reverberate through global markets and geopolitical dynamics, the United States has announced the renewal of sanctions against Venezuela, citing unmet political commitments by President Nicolás Maduro. This decision comes amid escalating tensions between the two nations and holds significant implications for Venezuela, a key player in the international oil arena.

In a move likely to escalate tensions with neighboring Guyana, Venezuela's lawmakers, aligned with President Nicolas Maduro's government, have passed legislation to establish a new state within the disputed Essequibo region. The decision comes amidst a longstanding territorial dispute between the two nations, with the legal case pending in the UN International Court of Justice.

Foreign Minister Hakan Fidan has embarked on a diplomatic tour of Latin America, visiting Venezuela following his participation in the G20 in Brazil, then journeying on to Mexico.

Venezuelan President Nicolas Maduro lashed out at his Argentine counterpart Thursday, three days after the United States completed the seizure of a Venezuelan plane held in Buenos Aires since June 2022.

Türkiye's Energy Minister Alparslan Bayraktar has traveled to Venezuela, where he held talks with high-government officials, including Venezuelan President Nicolas Maduro, to discuss cooperation in energy.

The United States on Monday began reimposing sanctions on Venezuela by restricting its mining sector after the South American nation's top court upheld the disqualification of an opposition presidential hopeful.

A British warship arrived off the coast of Guyana on Friday, further fueling tensions over a territorial dispute with Venezuela, which has launched a major military exercise in response to what it termed an "unacceptable" threat.

The new phase came after Venezuelan President Nicolas Maduro ordered the deployment of the military near the borders, both on land and at sea.

Venezuelan President Nicolas Maduro said on Monday that he views US military support of neighboring Guyana as a threat to resolving his nation's territorial claim there, and will bring it up in talks this week with his counterpart.

Maduro will meet Guyana President Irfaan Ali on Thursday in St. Vincent and the Grenadines.

Venezuelan President Nicolas Maduro and his Guyanese counterpart, Irfaan Ali, will meet Thursday on their countries' growing dispute over the oil-rich region of Essequibo, amid mounting international warnings against escalating the row.