What role did the US economic sanctions play in the collapse? Donald Trump sanctions Venezuelan oilNicolas Maduro refused to give access to the US oil firms; Chevron was nationalized by Chavez in 2006 and the US firms suffered. After Washington failed to dislodge Maduro and anoint its own man in his place, it imposed economic sanctions on Venezuela. (US eyes Venezuelan oil.) The opposition was stifled, the system was corrupt, the judiciary was silent, the media was biased and the economy was groaning under the US economic sanctions.

Source: dna January 04, 2026 15:03 UTC