On Monday, Venezuelan Foreign Minister Yván Gil, citing a United Nations report, told Latin American foreign ministers from several countries that the US naval deployment was based on a "false narrative," as 87% of Colombian cocaine leaves the country via the Pacific Ocean, and only about 5% of the drugs attempt to transit through Venezuela. Bolivia, a landlocked country, and Colombia, which has Pacific and Caribbean outlets, are the world's largest cocaine producers.
Gil added that this narrative "threatens the entire region" and that an attack on Venezuela "would effectively lead to the destabilization of the entire region." "We must demand an immediate end to this deployment, which has no other reason than to threaten a sovereign nation," he said in an online meeting of CELAC countries. Maduro was sworn in for a third six-year term in January of this year. However, the United States does not recognize his re-election in 2024 and 2018 due to allegations of fraud and voter suppression. Maduro claimed that his government maintained two channels of communication with the Trump administration, one with the US State Department and the other with Richard Grenell, Trump's special envoy. He described Secretary of State Rubio as a "warlord" who is promoting action in the Caribbean to overthrow the Venezuelan government. Since the presidential election in July 2024, the Venezuelan opposition has urged the United States and other countries to pressure Maduro to step down. Opposition leader María Corina Machado last month thanked Trump and Rubio for sending warships, calling it the "right way" to deal with the Venezuelan government, which she described as a "criminal enterprise." However, Maduro warned on Monday that any US military action against Venezuela would make Trump "stained with blood." "President Donald Trump, the policy of seeking regime change has failed, it has failed globally," Maduro said. "You cannot imagine forcing a situation in Venezuela by force."Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.