Uday Kotak Warns: Venezuela Incident Ignites Global Hard Power Race, Oil at Stake

• US military action in Venezuela, including reports of President Nicolas Maduro's arrest, has significantly escalated global geopolitical tension.
• Trump administration confirmed involvement, with Trump stating the US would fix Venezuela's oil industry for cheap global oil.
• Uday Kotak, founder of Kotak Mahindra Bank, posted on X that the US took control of Venezuela's vast oil reserves, linking it to his "hard power" musings.
• Kotak's year-end reflections highlighted a world of intensified national competition, transactional relationships, and hard power dominance.
• The incident raises concerns for global oil prices and international law, with varied reactions from countries worldwide.

Why It Matters: Venezuela crisis highlights global hard power dynamics and resource control, impacting world economy.