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Why Trump Refused to Back Venezuela’s Machado: Fears of Chaos, and Fraying Ties

U.S. intelligence suggested María Corina Machado, Venezuela’s opposition leader, would struggle to lead the government. But her relationship with Trump officials had been souring for months.

© Adriana Loureiro Fernandez for The New York Times

The opposition leader María Corina Machado and her surrogate presidential candidate, Edmundo González, at a rally in Caracas, the Venezuelan capital, in 2024.
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Venezuela Braces for Economic Collapse From U.S. Blockade on Oil Exports

Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal government estimates, a scenario that would set off a humanitarian crisis.

© Adriana Loureiro Fernandez for The New York Times

Employees outside Venezuela’s state oil company, known as PDVSA, in Caracas in October.
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