Economic instability in Venezuela after the U.S. raid to capture its president is deepening inflation and rattling the currency, sending grocery bills soaring for millions of people.

Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.

Venezuela’s acting President Delcy Rodríguez says lawmakers in her country should approve reforms to the oil industry that would open the doors to greater foreign investment.

Rodriguez consolidates power, appoints loyalists in key positions Interior Minister Cabello seen as biggest threat to Rodriguez's leadership Intelligence chief Gonzalez's control questioned due to Cabello influence Jan 17 (Reuters) - In the 12 days since the U.

CIA director John Ratcliffe delivered a message that the U.S. "looks forward to an improved working relationship" with Venezuela, a U.S. official told CBS News.

In the early morning of Jan. 3, United States military forces arrived in Caracas, Venezuela, and struck numerous military targets, capturing President Nicolás Maduro and his wife, Cilia Flores. The couple has since been taken to the United States for alleged charges of narco-terrorism and drug trafficking.

The U.S. military seized a sixth Venezuelan oil tanker in a Caribbean operation Thursday amid the Trump administration's campaign against illicit oil trade.

The White House shared on social media an image of Mr. Trump holding the frame containing the Nobel medal. The inscription reads that his “Principled and Decisive Action to Secure a Free Venezuela” has been recognized. The Nobel Committee has said the Peace Prize is not transferable.