𝐓𝐑𝐔𝐌𝐏: 𝐀𝐌𝐄𝐑𝐈𝐂𝐀 𝐀𝐍𝐃 𝐕𝐄𝐍𝐄𝐙𝐔𝐄𝐋𝐀 𝐍𝐎𝐖 𝐂𝐎𝐍𝐓𝐑𝐎𝐋 𝟔𝟐% 𝐎𝐅 𝐓𝐇𝐄 𝐖𝐎𝐑𝐋𝐃’𝐒 𝐎𝐈𝐋 — 𝐖𝐄 𝐃𝐎𝐍’𝐓 𝐍𝐄𝐄𝐃 𝐓𝐇𝐄 𝐒𝐓𝐑𝐀𝐈𝐓𝐒

𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐣𝐮𝐬𝐭 𝐦𝐚𝐝𝐞 𝐢𝐭𝐬𝐞𝐥𝐟 𝐭𝐡𝐞 𝐭𝐢𝐞𝐛𝐫𝐞𝐚𝐤𝐞𝐫 𝐨𝐧 𝐠𝐥𝐨𝐛𝐚𝐥 𝐨𝐢𝐥. - M.A. Rothman

President Trump used a Friday briefing to lay out something bigger than a barrel count: with Venezuela’s oil now flowing to American refineries, he says the two nations combined control 𝟔𝟐 𝐩𝐞𝐫𝐜𝐞𝐧𝐭 of the world’s oil market — and that changes the leverage game with Iran...

• Ten months ago Venezuela was a hostile petro-state propping up a dictator U.S. sanctions couldn’t touch. 
• Now its oil is flowing to Houston, and Trump is using the combined output as leverage against the regime in Tehran...