Trump's Venezuela Blockade Jolts Oil Market, Crude Prices Recover After 5-Year Low

• US crude oil futures rose 1.3% to $55.99 after Donald Trump ordered a total blockade on restricted oil tankers in Venezuela.
• The oil market saw recovery after previously hitting a five-year low, influenced by Russia-Ukraine peace talks and weak global demand.
• Trump declared Venezuela's rulers a "foreign terrorist organization," citing theft of American assets, terrorism, drug smuggling, and human trafficking.
• The blockade aims to increase pressure on Venezuelan President Nicolas Maduro, whom Trump accuses of drug trafficking.
• The US has deployed thousands of troops and warships in the region, though the blockade's implementation details remain unclear.

Why It Matters: Trump's strict Venezuela blockade order caused crude oil prices to recover, intensifying pressure on Maduro.