"Petroleum is Venezuela's top export and a pillar of its economy. Experts warn that, by threatening to sever Venezuela from its foreign oil markets, the US is attempting to destabilise the country's economy and topple the leadership of Venezuelan President Nicolas Maduro. Already, tensions between the US and Venezuela are at a high, with the Trump administration surging military assets to the Caribbean and Maduro responding with his own troop movements."
"That has led figures like United Nations Secretary-General Antonio Guterres to press for calm in the region and a de-escalation. Through UN spokesperson Farhan Haq, Guterres called on both countries to honour their obligations under international law and safeguard peace in the region. Guterres also spoke with Maduro by telephone on Wednesday, repeating the need for both parties to respect international law."
The United States threatened a full blockade on oil tankers to and from Venezuela, prompting Venezuela's National Assembly to convene and regional leaders to voice alarm. Petroleum remains Venezuela's top export and economic pillar, and experts warn that cutting off foreign oil markets aims to destabilise the economy and topple President Nicolas Maduro. Military assets from the Trump administration have surged to the Caribbean while Maduro has ordered troop movements. United Nations Secretary-General Antonio Guterres called for calm and respect for international law. Mexican President Claudia Sheinbaum urged the UN to prevent bloodshed and Brazil's Lula offered to help mediate talks.
Read at www.aljazeera.com
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