Why is it in News?
→ The US conducted a military operation in Venezuela capturing its President.
→ Action justified under a revived “Trump Corollary” to the Monroe Doctrine.
Important Points:
- Operation codenamed “Operation Absolute Resolve”.
- US captured President Nicolás Maduro and senior officials.
- Monroe Doctrine originally articulated in 1823.
- Trump Corollary asserts US political, economic, and military dominance in Latin America.
- Venezuela holds world’s largest proven crude oil reserves (300+ billion barrels).
- India’s crude oil imports from Venezuela fell by 81.3% in FY2025.
- India’s exports to Venezuela were USD 95.3 million in FY2025.
- Conflict raises concerns over sovereignty and multipolar world order.