
The death toll from Venezuela's June 24 earthquakes has climbed to 3,535, with 50,000 still missing. The disaster deepens the country's economic crisis as focus shifts to recovery.
The death toll from Venezuela's twin earthquakes has climbed to 3,535, the government said Monday. Another 16,740 people were injured in the June 24 shocks that hit La Guaira state north of Caracas.
The United Nations estimates as many as 50,000 people may remain missing under the rubble. More than 17,000 are homeless. Many survivors are living in temporary camps on streets, in public parks or in car parks.
International rescue teams have started leaving as the mission shifts from pulling survivors to burying the dead and clearing debris. Families continue to search for relatives to give them a proper burial. On Sunday authorities began burying unidentified victims in a mass grave at La Esperanza cemetery in La Guaira. A row of white crosses marked individual graves, each with the same death date: June 24, 2025.
The disaster compounds Venezuela's existing economic collapse. Oil infrastructure in the coastal region – home to the country's main port and the José oil terminal – could face further disruption, though the government has not released damage estimates. Any prolonged outage at the El Palito refinery, which was initially halted after the quakes, would tighten domestic fuel supply and reduce what little export capacity remains.
Insurance claims and reconstruction will add pressure on a government that has already defaulted on external debt and seen the bolivar lose nearly all its value. Venezuela's crude output had fallen sharply in recent years even before the quakes, and the country depends on imported fuel to meet domestic demand.
Stock markets showed limited direct reaction Monday. The broader emerging-market index was little changed. Venezuelan bonds, trading at distressed levels, saw no major move. Investors are waiting for official assessments of damage to oil and mining operations before adjusting positions.
Humanitarian agencies have warned of disease outbreaks in crowded shelters. The International Red Cross has called for additional aid. The government has not provided a timeline for debris clearance or rebuilding.
Search and rescue operations are winding down. No timeline has been set for the next phase of recovery.
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