top of page

By:

Correspondent

23 August 2024 at 4:29:04 pm

Kaleidoscope

Chennai residents walk through a flood-affected area amid rainfall, in view of Cyclone Ditwah, in Chennai, on Wednesday. Indian Army's 'Agniveer' soldier celebrates with a family member during the passing out parade at Gaur Drill Ground, in Patna, Bihar, on Wednesday. Pigeons fly over the 'Krishna Janmasthan' Temple, in Mathura, on Wednesday. Traditional dancers during an event organised as part of the Navy Day celebrations, in Thiruvananthapuram, Kerala. Colombian dance delegation members...

Kaleidoscope

Chennai residents walk through a flood-affected area amid rainfall, in view of Cyclone Ditwah, in Chennai, on Wednesday. Indian Army's 'Agniveer' soldier celebrates with a family member during the passing out parade at Gaur Drill Ground, in Patna, Bihar, on Wednesday. Pigeons fly over the 'Krishna Janmasthan' Temple, in Mathura, on Wednesday. Traditional dancers during an event organised as part of the Navy Day celebrations, in Thiruvananthapuram, Kerala. Colombian dance delegation members perform during the 12th Amritsar International Folk Festival, in Amritsar, on Wednesday.

Coffee Diplomacy

Venezuela’s embattled strongman resurfaces amid rising American pressure as an old oil war returns in new form.

ree

After several days of unexplained absence that had fuelled fevered speculation in Caracas and beyond, President Nicolás Maduro chose an unlikely venue to reappear: a specialty-coffee awards ceremony in eastern Caracas. Slipping back into public view by pinning medals on farmers and sipping espresso before cameras, he spoke not of warships or sanctions but of resilience, declaring Venezuela “indestructible, untouchable, unbeatable.” It was an effort at reassurance, both to his supporters and to wavering elites. Yet the symbolism was impossible to miss. Maduro surfaced just as pressure from the United States was intensifying sharply and moments after Donald Trump confirmed that the two leaders had spoken by phone.


The call, Trump said with studied ambiguity, went “neither well nor badly.” In the past few weeks, Washington has moved more than a dozen warships into the Caribbean, deployed roughly 15,000 troops across the region and expanded maritime strikes on vessels it claims are linked to drug trafficking. Caracas insists the campaign is merely the latest pretext for regime change.


At one level, this confrontation is being framed as law enforcement versus criminal enterprise. At a deeper level, it is a familiar struggle over sovereignty, influence and oil. Venezuela possesses some of the world’s largest proven petroleum reserves. For more than a century, its hydrocarbons have shaped its domestic politics and its relationship with the United States. Oil allowed the country to build one of Latin America’s most durable twentieth-century democracies and later funded Hugo Chávez’s break with it. When Chávez recast the state as a revolutionary petro-power in the early 2000s, he also recast Washington as his principal antagonist.


Maduro inherited not only that ideological conflict but also the fragile economic model beneath it. When global oil prices collapsed after 2014 and American sanctions tightened, the Bolivarian system began to fail catastrophically. Hyperinflation wiped out savings. Power cuts became routine. Public services imploded. More than seven million Venezuelans fled abroad in the largest migration in modern Latin American history. Sanctions, diplomatic isolation and the international recognition of an alternative presidency under Juan Guaidó were meant to force a transition. Instead, they entrenched a hardened security state.


For years Washington relied on economic strangulation and diplomatic pressure to dislodge Maduro. Neither worked. Today the strategy appears to be shifting from financial suffocation toward military intimidation.


Maduro, for his part, has chosen to internationalise the conflict. In a letter to the secretary general of OPEC, he accused the United States of seeking to seize Venezuelan oil reserves by force and of endangering global energy stability. The precedent is not flattering to Washington. From Iran in 1953 to Iraq in 2003 and Libya in 2011, energy security has repeatedly fused with interventionism.


Yet to portray Venezuela merely as a victim of imperial appetite is to ignore how thoroughly its own institutions have been hollowed out. Elections have been manipulated, opposition figures jailed or exiled, courts subordinated and the military bound ever tighter to the ruling party’s survival.


What makes the present moment especially combustible is the weakening of the external buffers that once protected Caracas. Russia, long a diplomatic shield and military supplier, is consumed by its war in Ukraine. China has quietly retreated from large-scale lending to Venezuela after years of unpaid debts and failed projects. Iran remains a tactical partner but lacks the capacity to absorb Venezuela’s economic collapse. Even Latin America, once ideologically divided over Chávez and his heirs, now responds with fatigue rather than solidarity.


That leaves Maduro dangerously exposed. His reappearance at a coffee ceremony was meant to project calm continuity and personal control. Instead, it underscored how narrow his room for manoeuvre has become. Washington hints at escalation without committing itself. Caracas shouts sovereignty while acknowledging civilian deaths.


Venezuela’s tragedy is that its fate is once more being shaped by forces far larger than its shattered economy and exhausted society. Oil, ideology and American power are converging again, just as they have at so many ruinous crossroads in the past. 


Comments


bottom of page