U.S. secures $100 million in Venezuelan gold as tensions simmer over drug war and resource control
The U.S. successfully transferred $100 million in Venezuelan gold reserves to American custody, citing strategic industrial and defense needs while countering China’s mineral dominance.
The U.S. Treasury approved dealings with Venezuela’s state-owned mining company, Minerven, but barred involvement from Russia, Iran, North Korea and Cuba—escalating geopolitical tensions.
Former Venezuelan President Nicolás Maduro faces U.S. drug trafficking charges, with Trump doubling his bounty to $50 million, despite declassified intel contradicting claims of his direct cartel leadership.
Venezuela deployed 15,000 troops to its Colombian border amid U.S. naval escalation in the Caribbean, accusing Washington of using counternarcotics operations as cover for resource extraction.
The U.S. frames Venezuela’s gold and bauxite as critical for AI and defense supremacy, but critics warn of destabilization as China and Russia vie for influence, risking broader conflict.
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