According to @KobeissiLetter, CNN reports that Venezuela’s President Nicolás Maduro has repeatedly tried to contact President Donald Trump since the airspace closure was announced Saturday morning, source: CNN via @KobeissiLetter. The outreach attempts occurred after the airspace shutdown announcement and were relayed publicly by The Kobeissi Letter on X, source: CNN via @KobeissiLetter. Traders can monitor headline risk tied to Venezuela and U.S. diplomatic signals as this story develops, source: CNN via @KobeissiLetter.

According to @KobeissiLetter, the New York Times reported that people briefed on the Trump Administration’s Venezuela strike deliberations said initial targets could be drug-related facilities, citing the New York Times. According to @KobeissiLetter, the post also relayed that airspace above and surrounding Venezuela was suddenly closed in connection with these deliberations, citing the New York Times. According to the U.S. Energy Information Administration, Venezuela holds among the world’s largest proven oil reserves, so any perceived strike risk can lift crude risk premia and related energy equities. According to Federal Reserve research on the Geopolitical Risk Index by Caldara and Iacoviello, geopolitical risk shocks historically depress equities and raise volatility across risk assets. According to the International Monetary Fund, crypto has traded increasingly in sync with equities since 2020, implying potential BTC volatility transmission if a broader risk-off occurs.