US Forces Seize Venezuelan President Nicolas Maduro as Washington Moves to Assert Control Over Oil Producer
The Trump administration has taken control of Venezuela following the seizure of its president. Analysts are now assessing the long-term impact on oil prices.
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US 
USforces seized Venezuelan 
VEPresident nicolas maduro from Caracas over the weekend, a move that marks a dramatic shift in the political landscape of South America. President donald trump stated that the USwould take control of Venezuela, the nation holding the world's largest proven oil reserves. Despite the change in leadership, the USembargo on all Venezuelanoil remained in full effect following the seizure. This development has placed the global energy market on high alert, as the Energy Institute notes that Venezuelaholds approximately 17% of global proven oil reserves, totaling 303 billion barrels, placing it ahead of Saudi Arabia.
USforces seized Venezuelan VEPresident nicolas maduro from Caracas over the weekend, a move that marks a dramatic shift in the political landscape of South America. President donald trump stated that the USwould take control of Venezuela, the nation holding the world's largest proven oil reserves. Despite the change in leadership, the USembargo on all Venezuelanoil remained in full effect following the seizure. This development has placed the global energy market on high alert, as the Energy Institute notes that Venezuelaholds approximately 17% of global proven oil reserves, totaling 303 billion barrels, placing it ahead of Saudi Arabia.
