US President Trump said he might block Exxon (XOM) from drilling in Venezuela following comments by the Co.'s CEO, according to the WSJ

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.

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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.

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