Iran, Venezuela, and the New Global Oil Order

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Iran, Venezuela, and the New Global Oil Order

iasg

5 months ago

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Recent events remind us that balance in energy markets can be delicate. A conflict in the Middle East and the removal of a sitting President in Venezuela resulted in sharp moves across the energy industry in early 2026. Currently, the Iran War is creating havoc in crude shipments, affecting the world. While trouble in that region is not uncommon, it is rare that major shifts occur in other regions at the same time. The removal of Nicolas Maduro in Venezuela sets the stage for a global realignmen...

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