Update (1600ET): The situation in Guayana is rapidly deteriorating, as Venezuelan President Nicolas Maduro has issued arrest warrants for opposition politicians who are challenging his move to annex oil-rich Essequibo.
As Charles Kennedy of OilPrice.com reports; Maduro has officially placed the disputed territory of oil-rich Essequibo under military jurisdiction, putting oil exploration and production operations of Exxon and Chevron at risk.
Following a Sunday referendum, Venezuelan President Nicolas Maduro has declared the return of Essequibo, which represents some two-thirds of Guyana’s territory, to Venezuela.
According to T&T News, Venezuela’s Prosecutor’s Office has issued arrest warrants for a dozen opposition members, including former National Assembly head Juan Guaido and three members of staff of opposition presidential candidate Maria Corina Machado. The three are charged with conspiring against the Sunday referendum to annex Essequibo.
How is that sanctions easing going by the way?https://t.co/CBvWjdXiT5