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World
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CNBC TV1805-01-2026, 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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