Crisis Stricken Venezuela Faces Mounting Pressure From The U.S.

Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on top of the world’s largest oil reserves. Venezuela is already reeling from a years-long economic disaster that has slashed its crude oil production in recent years. This year, the country found itself with two other major global crises to manage—the coronavirus pandemic and the tumbling and highly volatile oil market with oil prices so low that they can’t cover the costs of pumping…