Trump’s Venezuela Campaign Disrupts an $8 Billion Oil Trade

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President Trump's military campaign against Venezuela is disrupting the $8 billion oil trade, causing oil tankers to divert or sit idle, and deepening discounts on Venezuelan crude.

Market Impact

Market impact analysis based on bearish sentiment with 82% confidence.

Sentiment
Bearish
AI Confidence
82%

Article Context

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Oil tankers are diverting from their route to Venezuela; some are sitting idle at ports instead of setting off for Asia; discounts on Venezuelan crude are deepening; and PDVSA may soon start shutting down wells for lack of storage space. President Trump’s military campaign against Venezuela is threatening an $8-billion market. It started with one tanker seizure, a week ago. Then Trump escalated the rhetoric, threatening a blockade on Venezuelan tanker traffic and demanding that Venezuela returned “Oil, Land, and other Assets that they…

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Original article published by OilPrice.com on December 22, 2025.
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