
US Secretary of the Treasury Scott Bessent announced on Monday a plan to stabilize Venezuela’s collapsing currency by re-engaging with global financial institutions. The strategy consists of unfreezing approximately US$4.9 billion in International Monetary Fund (IMF) Special Drawing Rights (SDRs) to provide much-needed liquidity to Caracas' Central Bank.
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US President Donald Trump announced on Monday that any nation conducting business with Iran will face a 25% tariff on all trade with Washington, thus crushing earlier celebrations by Brazil's Luiz Inácio Lula da Silva, whose government proudly announced a substantial trade surplus with Tehran, totaling US$2.8 billion in 2025, driven by corn and soybeans.
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A Venezuelan serviceman stationed at the Meseta de Mamo military academy in La Guaira described the Jan. 3 U.S. bombardment as a rapid, overwhelming assault that “blinded” radar and electronic systems, preventing any organized defense. “There was no time to counterattack. They were very fast,” he said anonymously in an account published by La Hora de Venezuela and echoed by other Venezuelan outlets.
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