US, Venezuela agree to re-establish diplomatic and consular relations
WASHINGTON, March 5 (Reuters) - The United States and interim authorities in Venezuela have agreed to re-establish diplomatic and consular relations, the U.S. State Department said in a statement on Thursday, adding that it was focused on creating conditions for a peaceful transition to a democratically elected government.
"This step will facilitate our joint efforts to promote stability, support economic recovery, and advance political reconciliation in Venezuela," the State Department said.
"Our engagement is focused on helping the Venezuelan people move forward through a phased process that creates the conditions for a peaceful transition to a democratically elected government."
After months of heightened tensions, the U.S. captured Venezuela's President Nicolas Maduro in January, setting off a chain of changes in the country, including the swearing-in of interim President Delcy Rodriguez.
The two countries have since gradually resumed bilateral relations.
Related Articles
Amid Middle East Tensions, BOJ Adopts Cautious Rate Hikes and May Stay on Hold in March
TradingKey - According to Bloomberg, the Bank of Japan is leaning toward keeping interest rates unchanged at its March policy meeting amid rising geopolitical uncertainty in the Middle East, though it has not ruled out a potential rate hike in April. Officials are closely monitoring the potential impact of an escalation in the Middle East on energy prices, global financial markets, and Japan's economic outlook.
Broadcom Q1: AI Revenue Doubles; Eyes $100B AI Chip Sales Next Year as Shares Surge 5%
TradingKey - On Wednesday, March 4 (ET), Broadcom (AVGO) released its first-quarter earnings report for fiscal year 2026. Driven by a doubling of AI revenue, Broadcom’s earnings and revenue for the quarter exceeded market expectations, accompanied by strong guidance. Broadcom shares surged as much a
Middle East Conflict Intensifies. Global Aluminum Supply Chain Faces Crisis, Aluminum Prices Surge to Highest Level Since 2022
TradingKey - The sharp escalation of geopolitical conflicts in the Middle East has triggered market panic regarding disruptions to key supply chains, directly pushing up global aluminum prices and disrupting the established rhythm of international commodity trade. As tensions between the U.S. and Iran intensify, Iran's threat to close the Strait of Hormuz poses a direct threat to the supply chain security of Middle Eastern aluminum smelters, which account for 9% of global production capacity.
Is GE Vernova an Energy Stock You Should Buy in 2026?
TradingKey - GE Vernova (GEV), the global energy infrastructure company, was spun off from General Electric (GE) in 2024. It develops, produces, and services equipment for the generation and transmission of electricity, including gas and steam turbines, wind turbines, as well as grid infrastructure
