US Vice President Vance says Venezuela can only sell its oil if it serves US national interests, and the way we control Venezuela is to control the purse strings

US Vice President Vance says Venezuela can only sell its oil if it serves US national interests, and the way we control Venezuela is to control the purse strings.

The Vice President's statement suggests a tightening of U.S. control over Venezuelan oil sales, indicating that any transactions will be heavily influenced by U.S. national interests. This could lead to further volatility in oil prices and might challenge supply dynamics, particularly in the context of WTI crude as tensions rise. Traders should consider the implications for energy markets and monitor potential spillovers into positions related to oil, as well as commodities-heavy currencies.