WS #14329
Trump announces US control of 65B barrels of Venezuela oil reserves via 25-year deal covering 17 fields, targeting 1.5M bpd and $100B investment, but infrastructure rebuild will take years, limiting near-term supply impact. US military leaders warn Iran war is unsustainable, diverting resources from other theaters; Treasury's 'D-Day' sanctions on Iran underwhelm as global partners shrug, while war costs exceed $37.5B. Jeff Currie and UBS strategist Sagar Khandelwal both urge clients to position for a commodity upcycle, citing supply tightness and geopolitical risks.
US-Venezuela oil deal
Trump announces US control of 65B barrels of Venezuela oil reserves via 25-year deal covering 17 fields, targeting 1.5M bpd and $100B investment, but infrastructure rebuild will take years, limiting near-term supply impact.
US military leaders warn Iran war is unsustainable, diverting resources from other theaters; Treasury's 'D-Day' sanctions on Iran underwhelm as global partners shrug, while war costs exceed $37.5B.
Jeff Currie and UBS strategist Sagar Khandelwal both urge clients to position for a commodity upcycle, citing supply tightness and geopolitical risks.