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GreatGazoo

(4,524 posts)
3. One of the more interesting analysis I heard (not on TV)
Tue Jan 6, 2026, 09:45 AM
Jan 6

is Venezuela's oil supply is being seized in preparation for the Iran war. 20% of oil goes through the Strait of Hormuz which will be closed by Iran during the war. So how do they prevent a major spike in oil prices? Seize Venezuela which has almost exactly 20% of the potential output of the world.

Oil is too cheap right now, under $60, so if this theory is correct then Venezuelan oil is blockaded now to push WTI above $60 and then will be unleashed during the Iran war to keep WTI under $85 or so.

Cable news never talks about the class dynamics you cite. The intended audience for cable news is the DC beltway. They are almost only concerned with policy and business. They don't do context and history, as you note.

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