Skip to content
Back to Guavy Wire
Commodities

Trump Seizes Control of Venezuela's Oil Reserves to Cut Fuel Prices

Instruments
Oil
Share

US President Donald Trump announced that the US is taking partial control of Venezuela's vast oil reserves. The move aims to bring down local fuel prices, according to Trump.

The news comes as a significant development in the ongoing crisis in Venezuela, where the country's economy has been severely affected by its oil production and supply disruptions.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc