MGA Nothing will happen to oil prices or at most a very small temporary spike. Venezuela has very little by way of oil exports. It reached 900,000 barrels of oil a day in September 2025.
www.reuters.com/business/energy/venezuelas-oil-exports-surpass-900000-bpd-despite-us-pressure-data-shows-2025-12-03/
By comparison
Saudi Arabia exports 6 million barrels a day
https://www.ceicdata.com/en/indicator/united-arab-emirates/crude-oil-exports
https://www.ceicdata.com/en/indicator/saudi-arabia/crude-oil-exports
USA exports 4 million barrels per day as of 2024.
https://www.ceicdata.com/en/indicator/united-states/crude-oil-exports
UAE exports around 2.7 million a day as of 2024.
https://www.ceicdata.com/en/indicator/united-arab-emirates/crude-oil-exports
Venezuela used to export far more but the US was its main customer and the US stopped importing and sanctioned its oil exports.
But it never reached the potential it has from its oil fields.
And nobody else is affected by this operation. When there are military operations around the Hormuz Strait that does affect oil prices because a significant % of the world’s oil still flows through that strait.
But a short 90 minute operation in Venezuela is not going to affect oil exports probably even for Venezuela.
And longer term it will likely lead to the US lifting restrictions on Venezuela and Trump says he will help Venezuelan develop its oil extraction operations and modernize them in a transition US led government.
This is from Our World in Data, it is for production rather than export and is in terrawatt hours rather eccentrically.
But it shows the top four exporters in the world, total world oil production and you can see how small Venezuela’s contribution is.

https://ourworldindata.org/grapher/oil-production-by-country?time=2000..latest&country=SAU\~USA\~VEN\~RUS\~CAN\~OWID_WRL