US Strike on Venezuela: Oil Markets on Edge Amid Supply Concerns

• US announced "capture" of Venezuelan President Nicolás Maduro, raising concerns over crude supply disruptions.
• Despite Venezuela's vast oil reserves, US sanctions have historically limited its global price impact; crude prices remain near $60/barrel.
• US President Trump stated American oil companies would play a major role in Venezuela's energy sector post-operation.
• Venezuela's state oil company PDVSA reports normal production and refining, with no damage to key oil facilities.
• India, a past key importer, saw oil trade with Venezuela pick up in 2023-24 but later declined due to renewed US sanctions.

Why It Matters: US action in Venezuela sparks oil supply concerns, but market impact is limited by sanctions and stable production.