Venezuela has called on OPEC (Organization of the Petroleum Exporting Countries) and OPEC+ countries to intervene, arguing that actions by the United States threaten the stability of Venezuela’s oil industry and the broader global energy market.
President Maduro contends that the escalating tensions could have significant consequences for global energy security.
In a letter addressed to OPEC Secretary General, Haitham al Ghais, which was later shared by Foreign Minister Yvan Gil, Maduro accused the United States of attempting to seize Venezuela’s oil reserves, the largest proven reserve in the world, about 303 billion barrels.
Venezuela exported only $4.05bn worth of crude in 2023, largely because of US sanctions from Trump’s first term.
In the letter, Maduro said, “I hope to count on your best efforts to help stop this aggression, which is growing stronger and seriously threatens the balance of the international energy market, both for producing and consuming countries.”
The appeal was sent during the second OPEC ministerial conference after Trump’s announcement: “To all Airlines, Pilots, Drug Dealers and Human Traffickers, please consider the airspace above and surrounding Venezuela to be closed in its entirety.”
Read More: Maduro Returns Publicly, Trump Speaks with Venezuelan President
Caracas believes that recent bombings on the vessels in the Caribbean and the significant military deployment only kilometers from Venezuelan shore signal an escalation that threatens not only Venezuela but the stability of global oil supply.
At least 83 people have reportedly been killed in US strikes, which Washington claims targeted drug-carrying vessels. Human rights activists believes that the attacks were extrajudicial and a violation of international law.
The Venezuelan government argues that Washington’s expanding military presence, including the deployment of the USS Gerald R. Ford, additional warships and F-35 fighter jets, is part of a broader strategy to gain access to its oil and gas reserves. US officials insist the mission is aimed at combating drug trafficking.
The standoff comes as Trump pledges to increase US oil production through new offshore drilling in California and Florida, actions that contrast with appeals from Caribbean nations for a faster transition from fossil fuels in response to intensifying climate-fueled storms.
Maduro warned that if this direction persists, both Venezuelan oil production and the global market may face instability, urging OPEC members to unite against what Caracas perceives as an unprecedented threat.
Tayyaba Arif
Tayyaba Arif is a student of International Relations, and takes keen interest in conflict reporting and the dynamics of regional and global affairs. She is especially committed to SDG 17, and believes in effective partnerships and promoting cooperative initiatives. She can be reached at tayyabarrif0@gmail.com
