Venezuelan vote puts the neighbors on edge

Venezuela's President Nicolas Maduro delivers his annual state of the nation speech during a special session of the National Constituent Assembly, in Caracas, Venezuela January 12, 2021.
Venezuela's President Nicolas Maduro delivers his annual state of the nation speech during a special session of the National Constituent Assembly, in Caracas, Venezuela January 12, 2021.
REUTERS/Manaure Quintero
On Sunday, Venezuelans will vote on a five-part referendum that boils down to one basic question: Does Venezuela, in fact, own a large chunk of neighboring Guyana or not?



The dispute over the Essequibo region – which is larger than North Korea and inhabited mostly by indigenous communities – stretches back more than 150 years (see our explainer here for more). But Venezuela’s strongman President Nicolas Maduro has ramped up tensions recently.

In part, he’s eyeing massive oil deposits that have been discovered there. But he may also be stoking nationalist feelings ahead of what will be a highly controversial – and not necessarily “free” – presidential election next year. Even prominent opposition figures have long supported Caracas’ claims on the territory (shades of the way that many dissidents in Putin’s Russia supported the annexation of Crimea.)

That means the referendum will almost certainly result in a resounding ¡Sí! But then what?

Rattling Essequibo could flare into a wider conflict. US forces regularly do joint patrols with the Guyanese military to protect local oil fields that US firms are developing. Pentagon officials reportedly visited the capital, Georgetown, this week to reassure the Guyanese, and Brazil put its local forces on high alert.

The risks are immense. But by asking the Venezuelan people to weigh in like this, Maduro may be uncorking nationalist passions that he will struggle to control.

More from GZERO Media

- YouTube

Fifty years after the fall of Saigon (or its liberation, depending on whom you ask), Vietnam has transformed from a war-torn battleground to one of Asia’s fastest-growing economies—and now finds itself caught between two superpowers. Ian Bremmer breaks down how Vietnam went from devastation in the wake of the Vietnam War to becoming a regional economic powerhouse.

Eurasia Group and GZERO Media are seeking a highly creative, detail-oriented Graphic and Animation Designer who lives and breathes news, international affairs, and policy. The ideal candidate has demonstrated experience using visual storytelling—including data visualizations and short-form animations—to make complex geopolitical topics accessible, social-friendly, and engaging across platforms. You will join a dynamic team of researchers, editors, video producers, and writers to elevate our storytelling and thought leadership through innovative multimedia content.

The body of Pope Francis in the coffin exposed in St. Peter's Basilica in Vatican City on April 24, 2025. The funeral will be celebrated on Saturday in St. Peter's Square.
Pasquale Gargano/KONTROLAB/ipa-agency.net/IPA/Sipa USA

While the Catholic world prepares for the funeral of Pope Francis on Saturday – the service begins at 10 a.m. local time, 4 a.m. ET – certain high-profile attendees may also have other things on their mind. Several world leaders will be on hand to pay their respects to the pontiff, but they could also find themselves involved in bilateral talks.

A Ukrainian rescue worker sits atop the rubble of a destroyed residential building during rescue operations, following a Russian missile strike on a residential apartment building block in Kyiv, Ukraine, on April 24, 2025.
Photo by Justin Yau/ Sipa USA
Members of the M23 rebel group stand guard at the opening ceremony of Caisse Generale d'epargne du Congo (CADECO) which will serve as the bank for the city of Goma where all banks have closed since the city was taken by the M23 rebels, in Goma, North Kivu province in the East of the Democratic Republic of Congo, April 7, 2025.
REUTERS/Arlette Bashizi

The Democratic Republic of the Congo and an alliance of militias led by the notorious M23 rebels announced a ceasefire on Thursday after talks in Qatar and, after three years of violence, said they would work toward a permanent truce.

Students shout slogans and burn an effigy to protest the Pahalgam terror attack in Guwahati, Assam, India, on April 24, 2025. On April 22, a devastating terrorist attack occurs in Pahalgam, Jammu and Kashmir, resulting in the deaths of at least 28 tourists.
Photo by David Talukdar/NurPhoto

Prime Minister Narendra Modi has blamed Pakistan for Tuesday’s deadly terrorist attack in Kashmir, and he’s takenaggressive action against its government.

- YouTube

“When things are going fine, nobody really tests the skills and talents of their financial advisor, but this is a moment where really good advice can be extraordinarily powerful,” says Margaret Franklin, CFA Institute's CEO and President. In conversation with GZERO’s Tony Maciulis, Franklin describes the current financial climate as “maximum uncertainty,” rating it a 10 out of 10 on the risk scale.

President Donald Trump at a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, on June 29, 2019.
REUTERS/Kevin Lamarque/File Photo

On Wednesday, Donald Trump said he would deliver a “fair deal” with China and that he’d be “very nice” to the country after meeting with major retailers. But Beijing denies that there are any ongoing talks and has told the US it must cancel its unilateral tariffs before China will broker any negotiations.