The U.S. has ramped up pressure on Venezuela this week, sanctioning more associates of President Nicolás Maduro’s inner circle and extending protections for oil giant Citgo. Here’s what you need to know:
What’s New? 🚨
On Friday, the U.S. Treasury targeted relatives of Carlos Erik Malpica Flores—a key figure linked to Maduro’s wife—accusing them of propping up what it calls a 'rogue narco-state.' This follows last week’s sanctions against Malpica Flores himself, alleged to have orchestrated corruption at Venezuela’s state oil company PDVSA.
Trump’s Hardline Stance 🏛️
U.S. President Donald Trump reiterated threats of military action against Venezuela, stating he 'doesn’t rule out war.' His administration has recently seized oil tankers, conducted drug-related strikes in the Caribbean, and maintained a blockade on Venezuelan oil exports.
Why Citgo Matters ⛽
The Treasury also extended a license shielding Citgo Petroleum—a Venezuela-owned but Texas-based refiner—from creditors until February 3, 2026. This short-term fix comes as a U.S. court greenlights the $5.9 billion sale of Citgo’s parent company shares to settle Venezuela’s debts, pending final approval.
Maduro’s government denies all allegations, accusing the U.S. of targeting Venezuela for its oil reserves. Meanwhile, tensions in the region continue to simmer. 🔥
