US President Trump said he might block Exxon (XOM) from drilling in Venezuela following comments by the Co.'s CEO, according to the WSJ
Newsquawk Staff ·
US President Trump said he might block Exxon (XOM) from drilling in Venezuela following comments by the Co.'s CEO, according to the WSJ.
What it means
President Trump's potential move to block Exxon from drilling in Venezuela marks a significant escalation in U.S.-Venezuela relations, particularly affecting energy markets. If implemented, this could increase geopolitical risk premiums on oil prices, impacting WTI and Brent, while also influencing the broader market sentiment and the USD as traders reassess the implications for energy supply and related geopolitics.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
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