Donald Trump Open to Military Solution in Venezuela

Spencer Platt  Getty Images

Spencer Platt Getty Images

US President Donald Trump said on Friday that he is not ruling out military action to settle the Venezuelan crisis, reports said.

Venezuela's Defense Minister Vladimir Padrino branded Trump's threat as "a insane act", on Friday.

Having made the week for Vix buyers quite profitable, President Trump - whose North Korea rhetoric sent market volatility soaring in the past week - appeared ready to spread the love among long-suffering oil bulls, when on Friday afternoon Trump refused to rule out a USA military intervention in Venezuela, and said that the United States has a military option in the insolvent, quasi civil war Latin American nation.

The US President Donald Trump said on Friday he would not rule out a "military option" in Venezuela. "President Trump will gladly speak with the leader of Venezuela as soon as democracy is restored in that country". This is our neighbor ... we're all over the world, and we have troops all over the world in places that are very, very far away.

"Sanctions will worsen the situation of the people of Venezuela, who are already suffering from crippling inflation and a lack of access to adequate food and medicine".

The Venezuelan opposition accuses Mr Maduro of trying to cling on to power, but he says the new assembly will bring peace to the country.

Any transactions with the government of Venezuela or any of the South American country's state agencies will in future require prior permission from the bank, according to an internal Credit Suisse memorandum seen by "Reuters" on Thursday.

"If he's so interested in Venezuela, here I am", the socialist president said.

Meanwhile, Trump did not directly answer a question about whether the USA troops would lead the potential operation.

The power struggle between the government and the opposition has led to months of violent confrontations that have left more than 100 people dead, including protesters, government supporters and security forces.

Trump declined to give more details about the possibility of USA forces leading an operation in Venezuela.

Peru expelled Venezuela's ambassador on Friday as regional pressure built on Maduro's government.

Washington blames Maduro for the violence and has urged regional and global governments to take strong action against his government.

Earlier this week, Washington imposed sanctions on eight Venezuelan officials, including President Maduro and the brother of late ex-President Hugo Chavez.

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