US gains oil market leverage via Iran war, Venezuela sway, Russia sanctions

The US war on Iran, despite strategic failures, has unexpectedly handed Washington significant levers over global oil markets: sway over Venezuela's reserves, degraded Iranian exports, and selective sanctions on Russian oil. This marks a shift in US market power, though the durability of these levers and Iran's countermeasures remain uncertain. The development matters as it could reshape global energy flows and pricing.

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