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Geopolitics · Oil · Sanctions · Venezuela
Following the arrest of Nicolás Maduro, the US has intensified its blockade on Venezuelan oil exports, seizing five tankers globally and signaling a new phase in its engagement with the nation.
Interim President Delcy Rodríguez, backed by Russia and China, is navigating a complex political landscape, while powerful figures like Interior Minister Diosdado Cabello and Defense Minister Vladimir Padrino López consolidate control. The Trump administration aims to market 30-50 million barrels of Venezuelan crude, valued at $1.8-$3 billion, and is actively encouraging US oil giants like ExxonMobil, Chevron, and ConocoPhillips to invest up to $100 billion in rebuilding Venezuela's energy infrastructure.
However, oil companies remain cautious, citing the country's current "uninvestable" status without significant structural changes. The situation is marked by internal power struggles, US pressure, and geopolitical tensions, with Russia protesting the tanker seizures as "piracy."
US Seizes Venezuelan Oil, Courts Energy Majors(current)
Plus, Trump orders a more low-key approach to mass deportations.
