US Prepares for Caracas Embassy Reopening Amid Venezuela Power Shift

World
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CNBC TV18•05-01-2026, 23:44
US Prepares for Caracas Embassy Reopening Amid Venezuela Power Shift
- •US is making preparations for a potential reopening of its embassy in Caracas, Venezuela, a senior State Department official confirmed.
- •President Trump stated the US is considering reopening the embassy, which was closed in 2019 due to deteriorating conditions and political unrest.
- •This move comes after Venezuelan President Nicolas Maduro was captured and taken to New York to face drug-trafficking charges.
- •Trump has asserted the US will "run" post-Maduro Venezuela, aiming to share oil riches and potentially use military intervention.
- •American oil companies are expected to return to Venezuela to rebuild the oil sector's infrastructure, according to Trump.
Why It Matters: US prepares to reopen Caracas embassy as Trump eyes control and oil riches in post-Maduro Venezuela.
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