
Escalating tensions between the US and Venezuela are putting global oil markets and energy geopolitics back in focus. Washington’s move goes beyond oil, targeting China, Russia and Iran’s influence, while Venezuela’s vast reserves of crude, gas and critical minerals make it a key geopolitical flashpoint. Energy expert Narendra Taneja breaks down the impact on global oil supply and prices, India’s fuel outlook and oil companies, OPEC+ strategy, China’s oil supply chain risks, and the broader implications for global energy and technology sectors.