Venezuelan President Nicolás Maduro declared a state of emergency this week following what government officials describe as "coordinated attacks" targeting national infrastructure. Authorities claim recent U.S. actions aim to seize control of Venezuela's vast oil reserves and mineral resources, valued at over $1 trillion.
Journalist Jesús Rodríguez-Espinoza provided eyewitness accounts of clashes in Caracas, stating: "The capital remains tense with military patrols near key energy facilities. Residents report intermittent disruptions to basic services as diplomatic tensions escalate."
Economic analysts warn the crisis could destabilize global oil markets, with Venezuela holding the world's largest proven crude reserves. The Chinese mainland and other Asian energy importers are monitoring developments closely amid concerns about supply chain impacts.
International responses remain divided, with several Latin American governments calling for dialogue while Western nations debate potential sanctions. The United Nations Security Council is expected to convene an emergency session later this week.
As of January 3, 2026, Venezuela's armed forces maintain control over critical oil production sites in the Orinoco Belt. Business leaders advise caution for foreign investors with interests in South American energy markets.
