U.S. Southern Command announces military operation in Venezuela following earthquakes

The Daily Journal. — The U.S. Southern Command (SOUTHCOM) announced the immediate deployment of operational forces to support rescue and relief efforts across Venezuela following yesterday’s devastating earthquakes. The military operation follows direct orders from U.S. defense leadership in coordination with Washington’s diplomatic channels. “As directed by the Department of War, U.S. Southern Command is […]

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Official death toll rises to 188, while injuries climb to 1,520

The Daily Journal. — The death toll from the two earthquakes that struck on Wednesday afternoon has climbed to 188, according to National Assembly President Jorge Rodríguez. In an official statement released through his social media accounts, Rodríguez reported that “1,520 injured people have arrived at hospitals and are receiving medical care at this time.” […]

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Venezuela experienced a seismic doublet

Venezuela may have faced one of the most destructive seismic phenomena: a nearly simultaneous seismic doublet. Julio A. López. — The two earthquakes that struck Venezuela on June 24 not only surprised observers because of their magnitude, but also because they occurred extraordinarily close together in both time and location. Early analyses suggest the country […]

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OAS calls for the release of political prisoners in Venezuela, Cuba, and Nicaragua

The Daily Journal — The General Secretariat of the Organization of American States (OAS) issued an official statement on Tuesday highlighting the urgent need to expand democratic and civic space across the hemisphere while directly addressing the institutional crises affecting Cuba, Nicaragua, and Venezuela. In the statement, the multilateral organization stressed that inclusive governance, respect […]

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Venezuela’s oil development will depend on political stability, experts say

EFE — Venezuela’s oil sector development following the opening to foreign investment promoted by the United States will depend largely on political stability in the South American country, several economic experts told EFE on Monday after participating in a forum at the Andrés Bello Catholic University (UCAB). Economist Luis Zambrano Sequín argued that no one […]

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Financial Times: Venezuela prepares record $240 billion debt restructuring

The Daily Journal — Venezuela is preparing to disclose public debt approaching $240 billion, a figure far higher than previous market estimates and one that would make the country the center of the largest sovereign debt restructuring in history, the British newspaper Financial Times reported on Wednesday. According to the financial newspaper, the administration led […]

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Venezuela’s debt: Technical challenge or paralysis?

Alejandro J. Sucre — Venezuela faces one of the most complex sovereign debt restructuring processes in its history. The scale of the challenge is undeniable: years without international audits, debt instruments scattered across multiple jurisdictions, opaque bilateral debt with China and Russia, and arbitration awards issued by the International Center for Settlement of Investment Disputes […]

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The Caracas Stock Exchange: A market in a coma; an economy on alert

The Caracas Stock Exchange stagnates in bolivars and bleeds in dollars while the country looks the other way. Julio A. López.— If the stock market is the thermometer of a nation’s economic health, Venezuela has a high fever, and nobody is taking its temperature. The Caracas Stock Exchange (BVC) is experiencing critical stagnation that raises […]

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John Barrett and Dinorah Figuera hold meeting to discuss new phase of political negotiations

The Daily Journal. — John Barrett, the U.S. Chargé d’Affaires in Venezuela, met with opposition leader Dinorah Figuera, who recently returned to Caracas at the request of the White House to help establish a new negotiating table with the administration of Delcy Rodríguez. Through his official X account, the American diplomat reaffirmed Washington’s recognition of […]

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U.S. Judge postpones Alex Saab hearing for 30 days at defense’s request

EFE.— A federal judge in Miami has postponed for 30 days the hearing originally scheduled for Wednesday for former Venezuelan minister and Colombian businessman Alex Saab, whom U.S. authorities identify as an alleged frontman for ousted Venezuelan president Nicolás Maduro, following a request from his defense team. Judge Enjolique A. Lett rescheduled the hearing to […]

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