Trump's Venezuela Oil Deal Draws Alarm from Major Producers
🛢️ OPEC — Washington cuts a Venezuela deal while Hormuz burns; allies weren't consulted. 📌 LOOK CLOSER: A US-Venezuela oil arrangement bypasses the Gulf partners Washington needs for Hormuz stabilization. Saudi and UAE producers already absorbing market disruption; a Venezuela carve-out dilutes their leverage and signals Trump will source supply outside the alliance when convenient. Riyadh's cooperation on sanctions has a price — and this raises it.
