US-Venezuela Oil Conflict: Long-Term Indian Market Threats
US-Venezuela Oil Conflict Overview The US-Venezuela oil conflict escalated on January 3, 2026, when US forces captured Venezuelan President Nicolás Maduro in a raid on Caracas, citing drug trafficking charges. Venezuela holds the world’s largest proven oil reserves at over 300 billion barrels, surpassing Saudi Arabia’s 267 billion barrels, making oil control a key factor … Read more