Venezuela oil reserves news: President Nicolas Maduro arrives at New York court

TdsVirals News, New York/Caracas. Venezuela’s ousted President Nicolas Maduro appeared in a New York courtroom on Monday amid tight security.

This development comes just days after a shocking US military operation that reportedly detained Maduro and his wife, Cilia Flores, in Caracas.

The US has described the operation as a response to narcotrafficking, while globally it is being viewed as a direct attack on Venezuela’s sovereignty.

Venezuela oil reserves news: 63-year-old Maduro was brought to court Monday morning via helicopter and armored vehicle. Heavily armed security forces were stationed outside the courthouse.

According to US prosecutors, Maduro and Flores face serious drug trafficking charges. However, Venezuela and its allies have dismissed these charges as politically motivated.

Military raid in Caracas, claims several deaths – Venezuela oil reserves news
According to reports, the US launched a massive military operation in the Venezuelan capital, Caracas, on Saturday.

The Maduro couple was detained with the support of helicopter-landed commandos, fighter jets, and naval forces.

Venezuelan Defense Minister Vladimir Padrino Lopez claimed that a large part of Maduro’s security team was killed in cold blood in the operation, along with military personnel and civilians. However, no official death toll has been confirmed yet.

Interim leadership and signs of softening Venezuela oil reserves news
Amid the rapidly evolving situation, Venezuela’s interim leader, Delcy Rodriguez, backed off from her initial tough stance and offered cooperation with the United States.

She said, We invite the US government to work together on a cooperation agenda. Meanwhile, the Venezuelan military announced its recognition of Rodriguez and appealed for calm.

On Sunday, around 2,000 Maduro supporters demonstrated in Caracas. Armed men on motorcycles and flag-waving protesters took to the streets. The situation remains tense, but widespread violence has not yet been confirmed.

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Venezuela oil reserves news | Trump’s big statement: We are in control
US President Donald Trump stated late Sunday night that the US is “in control” of the South American country.

US Secretary of State Marco Rubio called discussions on elections in Venezuela after Maduro’s ouster premature.

Trump also indicated that the US needs “full access” to Venezuela’s resources—especially oil. We need total access, Trump said. We need access to oil and other resources so we can rebuild their country.

Venezuela at the Center of Oil Politics
Venezuela has the world’s largest proven oil reserves. Experts believe that if Venezuelan crude oil enters the global market in large quantities, the increased supply could put pressure on prices.

However, analysts say that significantly increasing production is neither easy, quick, nor cheap. Meanwhile, oil prices fell slightly due to investor uncertainty.

The Trump administration says it will maintain economic pressure by imposing a blockade on Venezuelan oil tankers.

Additionally, warnings of additional military action have been issued. However, the US also stated that while there are currently no US ground forces inside Venezuela, a large naval fleet, including an aircraft carrier, is deployed off the coast.

Venezuela oil reserves news: Opposition outrage and international reaction Prominent opposition leader Edmundo González Urrutia said that while US intervention is “important,

it is not enough if it does not result in the release of political prisoners and recognition of his victory in the 2024 elections.

China, Russia, and Iran have reacted sharply to the US action. China demanded Maduro’s “immediate release,” calling it a violation of international law.

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Iran stated that its relations with Venezuela will remain unchanged. Meanwhile, some US allies, including the European Union, have also expressed concern.

Concern in Latin America – Venezuela oil reserves news
President Gustavo Petro of neighboring Colombia called it an attack on Latin American sovereignty and feared a humanitarian crisis.

Petro also rejected Trump’s military threats against Colombia. The US has also accused Petro of drug trafficking, further escalating regional tensions.

Emergency Meeting at the UN – Venezuela oil reserves news
The United Nations Security Council will hold an emergency meeting on Monday at Venezuela’s request.

Cuba has claimed that 32 of its citizens were killed in the US attack. Trump also said that Cuba is on the verge of “self-collapse” after Maduro’s arrest.

Power Club of Five Venezuela oil reserves news The White House has indicated that it does not want a comprehensive regime change, but rather a new government composed of Maduro’s close associates after his removal.

According to a diplomatic source, this club of five people, consisting of Maduro, Flores, Delcy Rodriguez, his brother Jorge Rodriguez, and Interior Minister Diosdado Cabello, was at the center of power.

Venezuela oil reserves news

Venezuela oil reserves news At present, Venezuela’s future remains uncertain. Maduro’s court appearance, America’s focus on oil, international protests and domestic tensions—the world’s eyes are fixed on Caracas and New York.