
The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power.

To end the Maduro regime with the minimum of bloodshed, we need the support of pro-democratic governments, institutions and individuals the world over.

The Council of the Socialist International (SI) approved a communique on Tuesday where they recognize deputy Juan Guaidó and the Venezuelan National Assembly as the only legitimate power of leading a process of democratic transition in Venezuela.

Venezuela's Supreme Court has banned opposition leader Juan Guaidó from leaving the country and frozen his bank accounts. The move comes amid an escalating power struggle, after Mr Guaidó declared himself interim president last week.

The President of Venezuela’s opposition-dominated National Assembly Juan Guaido will announce new boards of directors for state oil company PDVSA and its U.S. business, Citgo, according to opposition leader sources.

Following a meeting with a delegation from the Caribbean Community (CARICOM), United Nations (UN) Secretary General Antonio Guterres has offered to facilitate discussion to help resolve the ongoing political crisis in Venezuela.

Consulted on possible military option in Venezuela, the declared interim President of Venezuela, Juan Guaidó, told the CNN channel that all the options are on the table “to achieve the cessation of the usurpation”.

Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will operate in parallel to the official currency control system, as an emboldened opposition challenges President de facto Nicolás Maduro.

The US has imposed sanctions on Venezuela's state-owned oil firm PDVSA and urged the country's military to accept a peaceful transfer of power. National Security Adviser John Bolton said President Nicolás Maduro and his allies could no longer loot the assets of the Venezuelan people. Efforts by the opposition to unseat Mr Maduro have increased in recent days.

The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. National Security Adviser John Bolton said any such “intimidation” would be “a grave assault on the rule of law”.