US Detains Maduro, Trump Eyes Venezuela Oil; Experts Divided on Market Impact

Business
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Moneycontrol•06-01-2026, 00:31
US Detains Maduro, Trump Eyes Venezuela Oil; Experts Divided on Market Impact
- •US forces detained former Venezuelan leader Nicolas Maduro and his wife Cilia Flores, transferring them to a New York courthouse.
- •Maduro faces charges including narco-terrorism, drug trafficking, and weapons-related offenses.
- •Arvind Subramanian downplays the impact of the Venezuela situation on global oil markets.
- •Dilip Sinha criticized the US action as an "abduction" and a violation of international law, linking it to Venezuela's oil reserves.
- •Donald Trump stated US oil companies would fix Venezuela's infrastructure and the US would sell large amounts of oil globally.
Why It Matters: US detains Maduro amidst oil reserve claims; experts debate market impact and legality.
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