US: Venezuela’s President Maduro charged in New York with drug trafficking crimes


  • US authorities indicted Venezuela's Maduro on charges of narco-terrorism, offers up to $15m reward for information.
  • Tensions between the US and Venezuela likely to rise. 

The President of Venezuela, Nicolás Maduro and several key aides were indicted in the US on charges of narco-terrorism. The department accused them of conspiring with Colombian rebels "to flood the United States with cocaine".

The State Department would offer rewards of up to $55 million for information leading to the arrests or convictions of Maduro and four of his associates, announced Secretary Mike Pompeo. In a statement he added that "while holding key positions in the Maduro regime, these individuals violated the public trust by facilitating shipments of narcotics from Venezuela, including control over planes that leave from a Venezuelan airbase, as well as control of drug routes through the ports in Venezuela".

The indictment represents an escalation in the effors of the Trump administration toward Maduro. The Venezuelan leader accused the US and Colombia of giving “the order to fill Venezuela with violence.” 

Reaction in crude oil 

The WTI barrel was not affected by the report. The WTI barrel stands at daily lows near $23.00, down 4.30%, unable to benefit from the rally in Wall Street. 
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

AUD/USD has clawed back nearly 50% of Jan-March sell-off

AUD/USD has erased a significant chunk of losses seen in the first quarter. Aussie is eyeing the 50-day average hurdle after Wednesday's bullish close. The spot is trading near 0.6249 at press time, representing a 0.25% gain on the day.

AUD/USD News

USD/JPY holds in neutral territory awaiting Fed's Powell

USD/JPY has been holding in consolidation and ranged sideways between 108.60 and 109.10 overnight. Fed's Powell and US jobs will be the final scheduled catalysts for the holiday-shortened week.

USD/JPY News

WTI: On the front foot above weekly resistance-turned-support

WTI nears the weekly top after breaking the short-term resistance line, now support. A sustained run-up could aim to fill the March month’s gap. 50% Fibonacci retracement, 200-HMA restrict near-term declines.

Oil News

Gold: Stuck in a short-term descending triangle above 200-HMA

Gold prices remain mildly positive near $1,647 amid the early Thursday morning in Asia. The yellow metal remain in the small range after stepping back from Tuesday’s high. Buyers look for an upside break of the triangle resistance, 50-HMA.

Gold News

What to expect from OPEC and G20

Equities and currencies traded higher today after Dr. Fauci, the US’ Director of National Institute of Allergy and Infectious Diseases said there could be a COVID-19 turnaround next week.

Read more

Forex MAJORS

Cryptocurrencies

Signatures