Venezuela’s Economy and Politics Deepen under U.S. Influence

U.S. involvement in Venezuela, intensified after the military action on 3 January, has led to a growing perception of American tutelage among the population and opposition groups. New oil‑production licenses granted by Washington have increased output, yet the revenue has not flowed to the Venezuelan treasury, while the bolivar continues to depreciate and inflation accelerates. Military activity, such as Osprey flights over Caracas and a visit by General Dan Caine, underscores the visible presence of U.S. forces.

Venezuelan officials acknowledge a “cooperation” with the United States, citing rapid adoption of new hydrocarbon and mining laws that incorporate U.S. suggestions and place contracts under OFAC licensing and U.S. Treasury oversight. The International Monetary Fund’s move to re‑engage with Venezuela signals Washington’s acceptance of the regime as a functional partner, further cementing the country’s shift toward a de‑facto protectorate status.