The global cryptocurrency markets are greatly influenced by international conflicts, causing substantial volatility. Recent tensions involving Iran demonstrated these effects on global markets. In recent developments, the situation has further intensified as President Trump turned his attention to Venezuela, threatening military action.
Risk of New Conflicts
At the time this article was prepared, President Trump made public declarations, expressing his desire for amicable relations with other nations. Yet, in contrast, he also signaled a harsh stance against Venezuela, indicating possible conflict. Maduro, the Venezuelan president, assured preparedness for any scenario, promising an adequate response to any declaration of war.
Under Trump’s directive, the US commenced military deployments to the Caribbean, targeting drug cartels as a central factor of his campaign promises. Despite potential warfare with Venezuela, Trump remains steadfast in addressing drug-related issues, asserting it is essential for success in these efforts.
As an escalation, ten F-35 fighter jets were dispatched to Puerto Rico, with plans to join US naval forces in the Southern Caribbean to augment deterrence. On Tuesday, US military efforts resulted in the destruction of a Venezuelan drug boat, allegedly linked to the Tren de Aragua crime organization, resulting in 11 casualties.
In response, President Maduro stated openly,
“If Venezuela is attacked, we will immediately enter a period of armed struggle.”
Trump’s latest deployments, coupled with discussions to rename the Department of Defense to the Department of War, suggest further conflict zones may arise. Moreover, Trump recently addressed the situation in Russia, stating,
“The war in Ukraine will end, otherwise, the cost will be very high.”
The deadline given to Putin is approaching next week.
