Global oil prices fell after the escalating political crisis in Venezuela, according to international reports. In the Asian market, Brent crude dropped by 0.63%, trading at $60.37 per barrel.
Similarly, West Texas Intermediate (WTI) crude recorded a decline of 0.70%, bringing its price to $56.92 per barrel. Analysts attribute the dip to uncertainty and disruptions in Venezuelan oil exports following the recent crisis.
The turmoil in Venezuela escalated after U.S. military operations across the country, including the capital Caracas, during which President Nicolás Maduro and his wife were captured and transferred to the United States. Reports indicate that multiple explosions occurred in Caracas, and low-flying U.S. aircraft were observed over several areas of the city.
According to U.S. media, the operations were ordered by President Donald Trump, and at least seven explosions were reported in the capital alone.
The incident has raised concerns over the stability of Venezuela’s oil supply, which is a significant factor in global energy markets. Market analysts note that the political instability could disrupt exports further, adding volatility to oil prices worldwide.
Investors are closely monitoring the situation, as continued unrest in Venezuela may have long-term implications for energy security, crude supply chains, and international oil trading. The geopolitical tensions surrounding Venezuela’s crisis have thus directly impacted Brent and WTI crude benchmarks in the global markets.
