What the US Strike on Venezuela Means for Oil (Video)

Jan. 3, 2026, 3:47 PM UTC

Source: Bloomberg, 00:06:07

President Donald Trump says the US will be strongly involved in Venezuela’s oil industry after US forces captured Venezuelan President Nicolas Maduro and his wife in an early morning raid Saturday. Venezuela’s oil infrastructure was not affected by US military airstrikes in Caracas and other states, according to sources with knowledge of the matter. Blomberg’s Julian Lee examines how the action impacts the Venezuelan oil industry and global oil market.

To contact the editor responsible for this story:
Charlie Zuza at czuza@bloomberg.net

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