Escalating tensions between the U.S. and Venezuela could impact the global oil industry. A regime change in Venezuela could affect oil production, U.S. access to Venezuelan crude, and America’s influence in the region. President Trump’s focus on low gasoline prices may drive potential eased sanctions on Venezuela. Venezuela, a founding OPEC member, plays a key role in the cartel. President Trump’s relationship with OPEC has shifted during his presidency, and a U.S.-friendly government in Venezuela could strengthen OPEC ties.

Recent events have heightened tensions between the U.S. and Venezuela, including the seizure of an oil tanker and fresh sanctions. The U.S. aims to stifle Maduro’s oil revenues and exert influence in Latin America. The possibility of regime change in Venezuela remains uncertain. If sanctions are lifted, Venezuela could see a significant increase in oil production with operational improvements. Investment in the Orinoco Belt could boost production to pre-crisis levels within one to two years, with potential for further growth over the next decade.

Read more at Yahoo Finance: Venezuela’s Oil Future Hinges on U.S. Tensions and Possible Regime Shift