US Seizes Venezuela's Maduro, Eyes Oil Riches; Global Reserves Revealed

• Venezuela holds the world's largest oil reserves (300 billion barrels), crucial for its economy but underutilized due to political turmoil.
• On January 3, 2026, US President Donald Trump announced military action in Caracas, apprehending Venezuelan President Nicolas Maduro and his wife.
• Maduro faces drug charges in New York; Trump stated US companies would rebuild Venezuela's oil industry for cheaper global oil.
• Beyond Venezuela, Saudi Arabia (267B), Canada (171B), Iran (158B), and Iraq (143B) possess vast oil reserves.
• Other significant oil reserve holders include Kuwait, UAE, Russia, US, China, and Brazil, impacting global energy and India's imports.

Why It Matters: US intervenes in Venezuela for oil, revealing global reserves and potential impact on India's energy imports.