US Rule Over Venezuela and Impact on Oil Prices and Stocks

Summary

Park Se-ik and Choi Ho discuss the US intervention in Venezuela and its limited expected impact on oil, inflation, rates, safe-haven assets, and equities. Park analyzes Venezuelan oil production and exports, compares the event with the 1989 Panama invasion, and warns that a Fed hiking scenario could still cause a Black Monday-style shock. The episode also previews CES 2026's physical AI, robotics, autonomous driving, and drone themes.

• US forces attacked Venezuela and arrested Maduro; the US cited drug trafficking charges and oil-sector interests.
• Venezuela holds the world's largest oil reserves but produces only about 1% of global supply and exports about 0.7%.
• Park Se-ik concludes the oil and equity market impact is likely limited, though short-term volatility and profit-taking are possible.
• The 1989 Panama invasion is used as a historical analog; it did not produce a sustained risk-off trend in stocks, oil, rates, or gold.
• Park notes discomfort with the US 10-year Treasury yield at 4.19% and warns that Fed hikes could trigger a Black Monday-style event.
• CES 2026 is highlighted for physical AI, robotics, autonomous driving, unmanned automation, and agricultural drones/robots.
• Choi Ho notes that Venezuela's impact on S&P 500 and Korean corporate earnings is likely negligible and that US oil-market hegemony is reinforced.