๐จ Venezuela Oil: $17.3T Game-Changer ๐ข๏ธ๐ฅ
Venezuela holds 303B barrels โ the largest proven oil reserves in the world
Current value: ~$17.3 trillion โ 4x Japanโs GDP
Trump claims U.S. control, giving unprecedented energy leverage
Why it matters:
Oil = sovereign asset tied to currencies, budgets & fiscal power
1/5 of global proven crude reserves โ potential multi-trillion-dollar revenue flows
Impacts oil futures, FX, credit spreads, inflation expectations, and risk assets
๐ Market heads-up:
Oil futures reopen Sunday night
Shifts in supply narratives could spark major volatility