The hemispheric toll of the US-Venezuela crisis
Washington’s economic pressure has entrenched the autocratic regime and exported the costs
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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.
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