January 4, 2026 | 05:58 pm
TEMPO.CO, Jakarta - U.S. attacks in Venezuela will certainly affect the country's economy, said Syafruddin Karimi, an economist from Andalas University. Washington's aggression is expected to reduce Venezuela's oil export capacity, which subsequently cut its earnings.
"The attack doesn't have to destroy refineries to cripple a country's ability to make earnings; disruptions in logistics and shipping are enough to lower effective export capacity," said Syafruddin in a press release on Sunday, January 4, 2026.
The United States attacked Venezuela on Saturday, January 3, 2026. Following the attack, the U.S. arrested Venezuelan President Nicolas Maduro on narco-terrorism charges.
U.S. President Donald Trump then stated that America would "run" Venezuela temporarily.
Trump also stated that the U.S. would manage Venezuela's oil reserves. "We’re going to have our very large United States oil companies – the biggest anywhere in the world – go in, spend billions of dollars, fix the badly broken infrastructure and start making money for the country," he said in a press conference on Saturday, cited from the Financial Times and The Guardian.
Venezuela's state-run oil production and refining, Petróleos de Venezuela, S.A. (PDVSA), did not suffer major damage from the U.S. attack. However, tanker blockades and cargo seizures in December have reduced Venezuela's oil exports to about half of the 950,000 barrels per day in November. Shipping companies are avoiding Venezuelan waters, oil supplies are piling up, and port activities are declining.
Syafruddin argued that the international community must respond firmly and promptly, citing the need for the Global South to strengthen diplomatic solidarity to avoid this precedent from spreading to other regions.
"For Indonesia, the strategic message is clear: strengthen energy and food security, diversify sources of export earnings, and build the credibility of economic institutions so that external pressures do not easily translate geopolitical shocks into domestic crises," he added.
Read: UN Security Council to Hold Emergency Meeting on US Attack on Venezuela
Click here to get the latest news updates from Tempo on Google News
Today's Top 3 News: Why Trump Wants to Push Venezuela's Maduro Out of Power
2 jam lalu
Here is the list of the top 3 news on Tempo English today.
US Strikes on Venezuela Kill at Least 40, Reports Say
2 jam lalu
Senior Venezuelan official says at least 40 people have been killed in the US attack on Venezuela.
Gold Prices Poised to Rise After US Attack on Venezuela
4 jam lalu
Commodity observer Ibrahim Assuaibi predicts that the price of gold could rise to Rp 2,610,000 per gram next week.
UN Security Council to Hold Emergency Meeting on US Attack on Venezuela
4 jam lalu
The UN Security Council will meet on Monday, January 5, 2026, to discuss the US attack on Venezuelan President Nicolas Maduro in Caracas
Trump Doubts Venezuela Opposition Can Lead After Maduro Ousted
5 jam lalu
US President Donald Trump stated that the opposition leader of Venezuela does not have the 'respect' of the country's people to rule.
Trump Claims Cubans Killed in US Raid to Capture Maduro
5 jam lalu
President Trump claimed on Saturday that many Cubans died when US forces attacked Venezuela and kidnapped President Nicolas Maduro.
Indonesia's Ex-Diplomat: US Attack on Venezuela Is Law of Jungle
6 jam lalu
Former Deputy Foreign Minister Dino Patti Djalal stated that the US attack on Venezuela and the kidnapping of President Nicolas Maduro is a sign that the rule of law has been replaced by the law of the jungle.
Indonesia Urges Calm After US Attack on Venezuela
6 jam lalu
Indonesia urges all parties to prioritize peaceful measures amid the large-scale attack by the United States on Venezuela
Countries Around the World Condemn US Attack on Venezuela
7 jam lalu
Countries around the world have condemned the United States' attack on Venezuela.
Trump Posts Photo of Nicolas Maduro Kidnapped by US Forces
9 jam lalu
President Trump released a photo of Venezuela's President Nicolas Maduro being abducted by US forces aboard the USS Iwo Jima.
:strip_icc():format(jpeg)/kly-media-production/medias/4548967/original/094336900_1692782124-tanaphong-toochinda-FEhFnQdLYyM-unsplash.jpg)
