US Venezuela Oil Control: Trump Moves to Seize World's Largest Reserves

Caracas has fallen, and with it, the keys to the world's largest oil taps. Following intense air strikes on January 3, 2026, the US military detained President Nicolas Maduro and his wife, transferring them to the United States. President Donald Trump subsequently announced plans to "run" Venezuela for the foreseeable future, specifically targeting direct control over its colossal oil reserves.

Geopolitical Impact of US Venezuela Oil Control

The strategic implications of this move are staggering. According to the US Energy Information Administration (EIA), Venezuela holds approximately 303 billion barrels of proven oil—roughly 17% of the global total. Most of this sits in the Orinoco Belt. While this heavy crude is difficult to process, US Gulf Coast refineries were specifically engineered for this grade of oil, making the takeover a potential goldmine for American energy firms.

Global Market Reactions: Winners and Losers

While the US stands as the primary beneficiary, others face significant setbacks. Traditional suppliers like Canada, Russia, and Saudi Arabia may see their market share in North America dwindle. Interestingly, China might remain resilient due to its diversified import strategy, whereas the EU navigates a renewed period of energy uncertainty.