Will Venezuela’s Economic Crisis Remove Maduro From Power?

In desperation, Maduro’s autocratic regime has turned to Iran, another pariah state, for assistance. The collapse of Venezuela’s once-mighty oil industry has not only caused the Latin American country’s economy to implode, but it has triggered massive gasoline and other shortages. U.S. sanctions are biting deeper, sharply impacting what was once South America’s richest economy. As of the final week of October 2020, the U.S. effectively ended sanction exemptions which allowed India’s Reliance Industries, Spain’s…