Trump, inflation and Venezuela
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Foreign currency flows to Venezuela’s private sector, both in cash and cryptocurrency, could fall in the coming weeks after Washington ordered a blockade of oil tankers under sanctions, analysts and business leaders said,
US-Venezuela tensions are rising as tanker seizures and sanctions target oil exports. Here is how the pressure affects Venezuela’s economy, oil revenues, inflation, and what investors should watch in global markets.
Adoption continues to grow. Venezuela now ranks within the top 20 countries globally for peer-to-peer crypto use, despite sanctions and its high-risk compliance status. Even large private-sector actors are exploring ways to integrate crypto directly into the national payments system.
Oil prices climbed after President Trump announced a blockade of sanctioned Venezuelan oil tankers, though weak global fundamentals capped the market’s upside.
Trump claims an inflation win in Pennsylvania. Also, American fighter jets made their closest known approach to Venezuelan airspace in years.
Caracas, Venezuela (CNN) — As Venezuelan President Nicolas Maduro faces growing US military pressure and calls for his resignation, an old foe is returning to haunt him in his own backyard: Inflation, one of Venezuela’s chronic economic maladies, is on ...
Gold steadied near a record high, as investors tracked mounting tensions in Venezuela and waited for US inflation data.
Gareth Vaughan on inflation targeting under the spotlight, asset bubbles, Venezuela & water's obvious economic importance