Venezuela Crisis Hits Energy Markets: Oil Prices Surge 2% in 2026

Oil prices have jumped 2%, and it's only the first week of 2026. Is the world ready for a new energy crisis in South America? The optimism that greeted the Tokyo Stock Exchange (TSE) during its New Year opening ceremony is being overshadowed by a sudden geopolitical shock in Venezuela.

Venezuela Oil Price Impact and Global Market Reactions

According to Reuters, a US Federal Court has indicted Venezuelan President Nicolas Maduro on all charges, a move he fiercely denies. Following reports of potential military operations by the Trump administration, NYMEX Crude Oil futures surged over 2% as of January 6th. The UN Security Council has convened an emergency meeting to discuss potential violations of international law regarding the detention of a sovereign leader.

• Energy Volatility: NY crude futures rose significantly due to supply disruption fears.
• TSE Sentiment: Japanese brokers initially expressed bullish views, but energy risks are now a major concern.
• Domestic Pressure: Japan faces rising seafood costs and operational halts at the Hamaoka Nuclear Plant due to regulatory issues.

The Japanese government, led by Prime Minister Sanae Takaichi, is closely monitoring the US military movement.Domestically, the administration is struggling to pass the 2026 fiscal budget while inflation, exacerbated by high energy and food costs, hits household wallets. Even global giants like Starbucks are reporting struggles as competition intensifies amid economic tightening.