Venezuela’s regime change could eventually undercut Canadian heavy oil – but for now, the real risk for investors is long‑term price pressure, not a sudden supply shock. US President Donald Trump ordered a strike that removed Venezuelan leader Nicolás Maduro and brought him to New York on narco‑terrorism charges, according to CNBC. Trump said the United States would “run” Venezuela “until such time as we can do a safe, proper and judicious transition,” while Secretary of State Marco Rubio later insisted Washington would not manage the country day to day and would focus instead on enforcing an “oil quarantine,” as per CBC News.

Source: CBC News January 05, 2026 13:38 UTC