Oil Prices Stabilize Amid Iran and Venezuela Developments
Oil prices are holding steady as Iran's crackdown on protests eases tensions and Venezuela's political shifts reduce risks of U.S. military action. These events have calmed global energy markets by lowering the chance of supply disruptions. Analysts predict continued stability in the near term.
Iran's Unrest Subdued
Protests in Iran, triggered by economic woes and corruption claims, have been quelled by security forces' firm response, clearing streets after thousands of deaths since late December. President Trump's prior intervention threats have softened, easing pressure on the key OPEC producer.
U.S. Naval Presence Alert
The USS Abraham Lincoln carrier group has redirected from the South China Sea to the Middle East, nearing the Persian Gulf soon. The Strait of Hormuz, handling 20 million barrels daily, remains a critical chokepoint for world oil flows, with experts warning of escalation risks.
Venezuela's Production Outlook
Following Nicolás Maduro's capture this month, the Trump administration aims to boost Chevron's license there, with promises of 30-50 million barrels heading to the U.S. However, full output gains may take years, offering cautious optimism for markets.
