View of the refinery El Palito in Puerto Cabello, Carabobo state, Venezuela on Jan. 11, 2026. Maryorin Mendez/AFP via Getty Images
With the apprehension of Venezuelan leader Nicolás Maduro in Caracas, the United States has effectively gained control over the world’s largest proven oil reserves, cutting off one of Beijing’s most important energy lifelines in the Western Hemisphere.
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