President of Venezuela Nicolás Maduro delivers a speech while holding the Venezuelan independence hero Simon Bolivar's “Sword of Peru” during a military ceremony on November 25, 2025, in Caracas, Venezuela. | Jesus Vargas/Getty Images Key takeaways: The US has been bombing alleged drug boats near Venezuela since September, while building up military forces in the region to a level not seen since the Cold War.  Venezuela has been a foe of the US for decades, and in recent years the country has slipped into economic distress, violence, and autocracy. As a socialist regime that...

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