Tensions rise as Venezuela and Guyana clash over territorial dispute

Tensions are escalating between Guyana and Venezuela over a century-old territorial dispute, fueled by the discovery of oil in the disputed region. Venezuela recently approved a referendum claiming sovereignty over Essequibo, a mineral-rich territory that accounts for two-thirds of Guyana. While military confrontation seems unlikely, several countries have expressed concerns over Venezuela's annexation ambitions. The dispute revolves around a 1899 boundary decision and the recent oil discoveries off Essequibo's shore. Venezuela's interest in the region is seen as an attempt by President Maduro to boost internal support and distract from domestic issues. The international community, including the UN and regional organizations, has backed Guyana and called for de-escalation.