us attack on venezuela: Will oil, gold, silver and copper prices rise after US attack on Venezuela? Market impact explained
Will oil, gold, silver and copper prices rise after the US attack on Venezuela? Initial market expectations
Traders are closely following whether oil, gold, silver and copper prices will rise after the US attack on Venezuela. Market experts expect the gap to widen in crude oil, gold and silver. They said the size of the Venezuelan economy is limited, so the impact of the Indian stock market may remain limited. However, early buying interest may weaken due to uncertainty following the US decision.
Commodity outlook after US attack on Venezuela
Explaining whether oil, gold, silver and copper prices will rise after the US attack on Venezuela, Ya Wealth Director Anuj Gupta told Mint that geopolitical tension may increase uncertainty. He expects deficits to open in gold, silver, copper, crude oil and gasoline.
Gupta said COMEX gold closed at $4,345.50 per ounce and could rise to $4,380 per ounce. COMEX silver can trade around $75 to $78 per ounce. Brent crude oil may move towards $62 to $65 a barrel.
Bullion prices and supply route concerns
Referring to the possibility of an increase in oil, gold, silver and copper prices following the US attack on Venezuela, Basav Capital Founding Partner Sandeep Pandey told Mint that the crisis affects the sea routes used by major silver exporters Peru and Chad. This disruption could support silver prices. Gold prices may also rise due to risk concerns related to geopolitical tension.
US confirms military operation and Maduro’s capture
The US launched precision strikes against Venezuela following airstrike warnings. President Donald Trump confirmed the operation on Truth Social, stating that President Nicolas Maduro and his wife were captured and flown out of the country. Trump said the operation involved the US military and law enforcement and announced a press conference at Mar-a-Lago.
Trump later said the US military caused a power outage in Caracas to support the operation. He added that no US personnel were killed and no equipment was damaged.
Oil market focused after US attack on Venezuela
Whether oil, gold, silver and copper prices will rise after the US attack on Venezuela also depends on oil supply conditions. Venezuela has large proven oil reserves, but global crude oil prices hover around $60 per barrel. Exports remained limited due to US sanctions.
Reuters reported that PDVSA’s oil production and refining operations were normal after the strikes. Major oil facilities were not damaged. However, the port of La Guaira near Caracas was damaged, although it was not used for oil operations.
US oil policy and sanctions continue
Trump said that the US oil embargo on Venezuela will continue. He also said US oil companies would enter Venezuela to repair infrastructure and invest billions of dollars. Trump said the United States will continue to be strongly involved in Venezuela’s oil sector during the transition period.
In December, the United States announced a blockade of oil tankers entering or leaving Venezuela and seized two cargoes of crude oil. This caused ship owners to change routes, increase PDVSA’s stocks and mandate storage on tankers.
Venezuela oil production trends
According to International Energy Agency data, Venezuela’s oil production dropped to 192 million barrels in 2020. Production increased to around 5.5 to 6.3 lakh barrels per day in 2021. After the easing of sanctions under General License 44, production increased to 217 million barrels in 2022 and 264 million barrels in 2023. In 2024, production reached 315 million barrels, supported by Chevron expansion and trade with India. In 2025, production peaked at nearly 1.14 million barrels per day.
FAQ
Question 1: Will oil, gold, silver and copper prices rise immediately after the US attack on Venezuela?
Prices may see short-term movements due to uncertainty, but sustainable gains depend on supply disruption, sanctions policy and global demand trends.
Question 2: How might U.S. intervention in the Venezuelan oil industry affect global crude oil supplies?
US intervention could reshape Venezuela’s oil production over time, but sanctions, infrastructure limitations and transition uncertainty mean sudden changes in global supply are unlikely in the short term.
