By Anthony Marcus for Eurasia Business News, January 3, 2025. Article n°1964
Multiples explosions have been reported overnight in and around Caracas, with witnesses describing multiple blasts, columns of smoke, and low‑flying aircraft over the Venezuelan capital such as helicopters and fighter jets.
At least seven explosions rang out in the capital Caracas around 02:00 AM, and at least 11 buildings were attacked.
Venezuelan President Nicolás Maduro is publicly accusing the United States of carrying out an attack, but the precise cause of the explosions and the extent of any damage or casualties remain unclear and unconfirmed.
Explosions rang out in the area of the headquarters of the Ministry of Defense and the General Staff of Venezuela, the local publication Efecto Cocuyo reported.
Venezuelan armored vehicles were seen on the streets of Caracas near the presidential palace of Miraflores, they write on social networks.
As a result of the explosions, electricity was cut off near a major military base in southern Caracas, writes Reuters.
The Venezuelan military detains everyone who is spotted at critical facilities in Caracas, they write on social networks.
The airspace over Venezuela is completely closed.
Local residents report shelling of Caracas and skirmishes in the city, media reported.
Residents of Caracas are leaving the city en masse against the backdrop of explosions, the media write.
Venezuela’s government said that, in addition to Caracas, the coastal states of Miranda, Aragua and La Guaira were hit.
What reportedly happened
Residents and journalists have described at least six to seven loud explosions in Caracas in the early hours of Saturday, with some areas, especially in the south of the city near major military installations, experiencing power outages.
Photos and videos circulating online show smoke rising from several locations and flashes in the night sky, though these images have not all been independently verified.
Maduro’s accusations
President Maduro’s government has framed the overnight events as an “act of aggression” or “military aggression” by the United States, alleging that military and strategic sites were targeted.
Venezuelan authorities have announced a nationwide political and military mobilization in response and are invoking the language of defending the country against “imperialist” attack.
U.S. position and broader context
U.S. officials have recently increased military and naval pressure around Venezuela, including operations against alleged drug‑trafficking networks and hints from President Donald Trump about possible strikes on land targets.
As of the latest reports, U.S. agencies and the White House have either declined to comment or have not yet given a detailed public explanation linking U.S. forces directly to the specific explosions in Caracas.
What is known vs. unknown
Reasonably well‑supported: multiple explosions, visible smoke, aircraft noise over Caracas, and localized power cuts are being consistently reported by residents, journalists, and multiple news organizations.
Still uncertain: who exactly carried out any strikes, what specific targets were hit, whether there are casualties, and whether this represents a one‑off incident or the start of a broader military campaign.
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Tucker Carlson claimed on December 17 that U.S. President Donald Trump might announce a war declaration against Venezuela. The claim followed Trump’s recent order for a “total and complete blockade” of sanctioned Venezuelan oil tankers, backed by a massive U.S. naval deployment in the Caribbean—including aircraft carriers and submarines—officially aimed at combating drug trafficking. U.S. actions have included airstrikes on suspected smuggling vessels, drug traffickers, tanker seizures, and accusations of Venezuela stealing American oil assets, prompting Maduro’s government to denounce the moves as piracy and threats to stability.
What impact on oil and gold prices ?
So far oil prices have moved modestly higher on the back of the Venezuela tensions, while gold price is mainly being supported by the broader “risk‑off” mood rather than this single event alone. The impact so far is incremental, not a dramatic spike, because the market was already pricing in Venezuelan supply risk and global growth worries.
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However, the new developments last night may worry investors. Gold and oil prices could go up on Monday when markets open.
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© Copyright 2025 – Eurasia Business News. Article no. 1964
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