US Strike Ousts Maduro: Venezuela's Oil Future Uncertain After Arrest

Economy
C
CNBC Awaaz•03-01-2026, 20:04
US Strike Ousts Maduro: Venezuela's Oil Future Uncertain After Arrest
- •Venezuelan President Nicolas Maduro arrested and removed after a US military strike on Caracas.
- •Venezuela holds the world's largest oil reserves (303 billion barrels), but production is low due to sanctions and lack of investment.
- •Maduro's removal creates a power vacuum; US recognizes exiled leader Edmundo Gonzalez as legitimate president.
- •The next 24-48 hours are crucial to determine military support and the country's stability.
- •Experts believe a major oil price surge is unlikely despite the crisis, due to a balanced global oil market.
Why It Matters: Maduro's arrest after a US strike leaves Venezuela's vast oil reserves and political future uncertain, but a major oil price surge is unlikely.
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