The hemispheric toll of the US-Venezuela crisis

AS US naval forces patrol Caribbean waters and tensions with Venezuela escalate to levels unseen in decades, the economic implications extend far beyond Caracas.

The current crisis – marked by disputed elections, renewed sanctions, and military posturing – threatens to deepen a humanitarian catastrophe while reshaping economic dynamics across the Western Hemisphere.

The sanctions paradox

The reimposition of US oil sanctions in 2025, requiring Chevron to wind down operations, represents a reversal of previous engagement efforts. Yet, the economic weapon that Washington wields cuts in multiple directions.