South America

Venezuela: discontent over US intervention grows as economic talks dominate

El País reports growing disillusion in Venezuela as Washington's renewed engagement focuses on economic files such as oil exports and power infrastructure rather than near-term political change. Many residents tell the paper they expected faster relief. This is not investment advice.

Overcast morning view of the Caracas skyline
Overcast morning view of the Caracas skylinePhoto: Wal Couyi / Pexels
El País English1 h agoCVX

El País reports from Caracas that the recent thaw between Washington and the Maduro government has focused on economic dossiers — including oil-export licences and electricity grid rehabilitation — rather than on a quick political transition. Residents who spoke to the paper said the process had yet to deliver concrete relief to daily life.

The paper describes a rising chorus among opposition-leaning circles framing the situation as 'getting worse every day,' even as diplomatic channels stay open. US officials, El País notes, present the engagement as patient economic stabilisation rather than a fast political reset.

Venezuela continues to grapple with high inflation, foreign-currency scarcity and electricity instability. Chevron's expanding operations in country and last week's announced power-grid deal point to Washington's near-term economic priorities. The piece notes that opposition expectations remain unmet for now. This is not investment advice.

EnergyGeopoliticsCVXSouth AmericaEl País English
This article is an AI-curated summary of the original story published by El País English. The illustration is a stock photo by Wal Couyi from Pexels and is not from the original story.

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