Venezuela's debt crisis keeps deepening—over $95 billion owed to three separate creditor groups, and negotiations are stuck. The real issue? American sanctions are blocking any meaningful resolution. Creditors are betting Washington might loosen the pressure, but honestly, the uncertainty here is brutal. Market participants watching this should remember how political deadlocks ripple through global finance. Every stalled negotiation, every sanction tightens, and that affects liquidity, risk appetite, and how capital flows globally. Nothing's certain yet, plenty could derail any breakthrough.