Caracas

Why does oil matter so much to Venezuela?

Oil accounts for 95 percent of Venezuelan exports. It's became even more critical when the Trump administration blocked US revenue to a subsidiary of Venezuela's state oil company in a bid to force Venezuelan President Nicolás Maduro from office.

Global Politics

Is Venezuela on the precipice of presidential change?

A few months earlier, Maduro was re-elected for a second term amid hyperinflation, international sanctions, mass migration and few signs that conditions would improve. The European Union questioned the fairness of the election process, and 19 member states of the Organization of American States, including the United States, issued a statement declaring Maduro's second term as illegitimate.

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