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Maduro signs Economic Emergency Decree to counter U.S. sanctions on Venezuela

The National Assembly of Venezuela approved on Thursday an economic emergency decree presented this week by the government of President Nicolás Maduro, in response to sanctions and tariffs imposed by the United States.

In March, the government of Donald Trump began suspending licenses for foreign oil companies operating with the state-owned Venezuelan oil company PDVSA and imposed secondary tariffs on crude oil and gas exports. Maduro signed the decree on Tuesday, invoking constitutional articles that allow him to declare states of exception, temporarily restrict constitutional guarantees, or declare a state of emergency in the event of disasters, public calamities, or events that seriously threaten the country’s security.

The emergency decree “is to support national production,” said Delcy Rodríguez, Vice President and Minister of Hydrocarbons, during the document’s presentation.

“The affected oil markets, the fall in oil prices, have already surpassed 30% in our measurement, and this, as we say, is just the beginning,” Rodríguez stated, clarifying that Venezuela’s oil and gas production continues.

Rodríguez also mentioned that foreign oil companies are welcome to operate in Venezuela in accordance with local laws.

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The United States has set a deadline of May 27 for oil companies operating in Venezuela, including Chevron (U.S.), Eni (Italy), and Repsol (Spain), to wind down their operations and exports.

The decree grants Maduro the authority to implement measures he deems necessary to ensure economic growth, contain inflation, offer special treatment to investors, suspend taxes, or apply exceptions to tax laws, and establish import substitution mechanisms, among other measures.

Maduro and his government have consistently rejected sanctions imposed by the United States and other countries, arguing that they are illegitimate measures constituting an “economic war” designed to cripple Venezuela.

The president and his allies have celebrated what they describe as the country’s resilience despite these measures, although they have historically attributed some economic difficulties and shortages to the sanctions.

This is not the first time Maduro has governed under an emergency decree. In 2016, he signed a similar decree, which was extended until 2021 under the argument of sanctions imposed on Venezuela by Washington.

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With the Assembly’s approval, the decree must now be sent to the Constitutional Chamber of the Supreme Court of Justice.

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International

Mexico City Mayor Invites U2 to Perform at Iconic Zócalo Plaza

Irish rock band U2, which spent Tuesday and Wednesday filming a new music video for its song Street of Dreams in the Historic Center of Mexico City, received an invitation to perform at the capital’s iconic Zócalo square from Mayor Clara Brugada.

Brugada shared the invitation through social media posts accompanied by photos and a video showing her meeting with the band members.

“This is an invitation for you to perform in our wonderful public square, the Zócalo. You are welcome here, and we would love to have you,” Brugada said in the video while handing a document to Bono, the band’s lead singer.

Bono responded by saying that the group would like “to begin its new tour in Mexico City.”

Referencing one of the band’s most famous songs, In the Name of Love, Brugada said she was greeting Bono along with The Edge, Adam Clayton and Larry Mullen Jr..

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“Welcoming U2 to our capital means celebrating music, connection and the emotion that can be felt in every corner of this city,” Brugada wrote in one of her messages. “We are a city open to the world, vibrant and full of stories shared from the stage to the streets.”

She also described the Zócalo as “the country’s most important public square” and a cultural landmark for Latin America.

Over the years, the Zócalo has hosted massive concerts by internationally renowned artists and bands including Roger Waters, Paul McCartney, Manu Chao, Café Tacvba, Los Fabulosos Cadillacs, Los Tigres del Norte, La Maldita Vecindad, Silvio Rodríguez, Joan Manuel Serrat, Rosalía and Shakira, drawing hundreds of thousands of fans.

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International

Marco Rubio Urges China to Help Restrain Iran Amid Gulf Tensions

Marco Rubio said Wednesday that Washington hopes to persuade China to take a more active role in stopping Iran from escalating tensions in the Persian Gulf, arguing that the crisis directly threatens Asian commercial interests.

“It is in China’s interest to resolve this situation. We hope to convince them to play a more active role in getting Iran to stop what it is doing now and trying to do in the Persian Gulf,” Rubio said during an interview with journalist Sean Hannity on Fox News while traveling aboard Air Force One.

The top U.S. diplomat said the conflict and concerns over the possible disruption of the Strait of Hormuz have already affected China’s interests.

Rubio noted that “a Chinese cargo ship was struck over the weekend,” referring to the exchange of attacks reported last Friday between Iran and the United States.

The remarks come amid growing international concern over rising tensions in the region and the potential impact on global trade routes and energy supplies.

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Trump floats Vance-Rubio potential Republican ticket for 2028 election

U.S. President Donald Trump suggested on Monday that Vice President JD Vance and Secretary of State Marco Rubiocould potentially form a Republican presidential ticket for the 2028 elections.

Speaking during a dinner with law enforcement officials as part of National Police Week, Trump publicly praised both officials and said they could make “an ideal team” for the next presidential race.

“Who likes JD Vance? Who likes Marco Rubio?” Trump asked attendees before adding that the pair “sound like a good combination.”

The president highlighted his vice president’s performance in office, stating that their current partnership has been highly effective. “JD is perfect, that has been a perfect formula,” Trump told reporters later.

He further suggested that a Vance-Rubio pairing could represent a strong presidential and vice-presidential ticket, although he stopped short of offering any formal endorsement.

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“I think it sounds like a presidential candidate and a vice-presidential candidate,” he said, while clarifying that his remarks should not be interpreted as an official backing of any future campaign.

So far, neither Vance nor Rubio has publicly confirmed any intention to run in the 2028 presidential election.

Rubio previously sought the Republican nomination in 2016 but withdrew after losing the primary race to Trump. Later, in a December 2025 interview with Vanity Fair, he said he would be among the first to support Vance if he decided to run for the White House.

Vance, meanwhile, has recently dismissed speculation of any political rivalry with Rubio amid growing discussion about potential future GOP leadership.

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