Venezuela's President Maduro says election deal with opposition could collapse

<p>This could have implications for the oil market. </p><p> Venezuelan President Nicolas Maduro agreed a deal a deal with the political opposition for elections to be held later this year. This deal caused the United States to temporarily ease oil sanctions on Venezuela.</p><p>But President Maduro has now warned that the election deal is in danger of collapse.</p><p>If the deal does collapse it should, at the margin, support oil. </p><p>So far, oil has paid more attention to this news earlier:</p><ul><li><a href="https://www.forexlive.com/news/chinas-foreign-minister-wang-yi-and-us-national-security-adviser-jake-sullivan-to-meet-20240126/" target="_blank" rel="follow" data-article-link="true">China’s Foreign Minister Wang Yi and US National Security Adviser Jake Sullivan to meet</a></li></ul><p><a href="https://www.reuters.com/world/americas/venezuelas-maduro-says-election-deal-with-opposition-could-collapse-2024-01-26/" target="_blank" rel="nofollow">More here</a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.