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Venezuela on the Edge: Oil, Sanctions, and a Renewed Clash with US under Trump
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Venezuela on the Edge: Oil, Sanctions, and a Renewed Clash with US under Trump
Venezuela, despite holding the world’s largest oil reserves, faces economic collapse due to U.S. sanctions, corruption, and declining production under President Nicolás Maduro. U.S.-Venezuela relations remain tense, with Washington oscillating between sanctions, limited engagement for oil, and renewed military pressure under Trump’s second term. Venezuela has strengthened ties with China, Russia, and the Global South, seeking BRICS membership to…
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