India, March 5 -- Oil remains the cornerstone of the global energy sector, powering transportation, industries, and electricity generation while fueling economic growth worldwide. Its strategic importance lies not only in meeting energy demand but also in shaping geopolitics, trade, and national security.

Countries with vast reserves, like Venezuela, Saudi Arabia, and Iran, hold significant influence over global markets, making oil a critical resource for both economic stability and international power dynamics.

Venezuela's Oil Conflict In early 2026, U.S. President Donald Trump ordered a major military operation in Venezuela that resulted in the capture and removal of President Nicolas Maduro, an action Trump described as part of a ca...