US President Trump demands Venezuela partner exclusively with the US on oil and cut ties with China, Iran, Russia, and Cuba, threatening a blockade if ignored, according to reports

US President Trump demands Venezuela partner exclusively with the US on oil and cut ties with China, Iran, Russia, and Cuba, threatening a blockade if ignored, according to reports.

This development signals a significant escalation in U.S. foreign policy regarding Venezuela, potentially impacting oil supply dynamics. By demanding an exclusive partnership, the U.S. might be seeking to tighten its grip on global oil markets, which could lead to volatility in WTI prices as well as affect FX markets, particularly for currencies linked to energy exports and importers. If a blockade is implemented, we could see substantial geopolitical tensions rise, influencing risk sentiment across equities and commodities.