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Several former high-ranking officials have been arrested in recent days in Venezuela, in what appears to be a campaign to consolidate political power.
"We caution against taking one’s eye off the looming sovereign debt crisis in Venezuela that could further curtail output from the stressed state."
One official said an announcement was imminent, and others have said they could come as soon as Monday.
‘All options are on the table’ for Trump to go after Venezuela, but the side effects could be severe
The Trump administration is weighing a number of harsh measures against the Venezuelan government, but each could come with damaging side effects.
‘All options are on the table’: The US could go after the Venezuelan government’s lifeline to the world
Venezuela's oil industry has helped keep the government and the economy afloat, but it may soon be in the US's crosshairs.
Venezuela's state oil company PDVSA announced that a bond swap offer amassed 39.4% participation.