The U.S. is ramping up its involvement in Venezuela, and this could significantly reshape the global energy landscape.
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Venezuela holds the largest proven oil reserves in the world, roughly 303 billion barrels, with China purchasing around 80–85% of its crude. Washington is now pushing to gain greater influence over Venezuelan oil, a move that could lessen the impact of Middle East tensions on oil prices and strengthen U.S. control over global energy flows. This shift could also reinforce the U.S. dollar’s role in energy transactions.
The situation is highly complex. The U.S. has already imposed sanctions on Chinese companies and tankers connected to Venezuela’s oil trade, prompting China to denounce these actions as “unilateral bullying.” On top of that, U.S. strikes on Venezuelan oil tankers and facilities have further escalated tensions.