Venezuela’s reliance on oil left it vulnerable; economic instability soared as crude prices collapsed and social hardships intensified.
By Shahbaz Khan

Read more: thefridaytimes.com/02-Feb-2026/...

#Venezuela #oil #politics #ChavismoRevolution #NicolasMaduro #HugoChavez #USintervention

Venezuela’s Oil, Chavismo, And Political Turmoil: Power, Poverty, And Global Stakes Venezuela’s oil wealth fuels political turmoil, economic fragility, and social change, shaping decades of reform, conflict, and international interest

Falling oil prices plunged Venezuela’s fragile economy into crisis, triggering hyperinflation and a steep decline in per capita GDP.
By Shahbaz Khan

Read more: www.thefridaytimes.com/02-Feb-2026/...

#Venezuela #oil #politics #ChavismoRevolution #NicolasMaduro #HugoChavez #USintervention