By securing oil in Venezuela and blocking the Strait of Hormuz, Trump has effectively taken control of the world's oil supply forcing countries to buy oil from the USA.

Control over Venezuelan Oil: Multiple sources confirm that after a U.S. Military operation in January 2026 led to the ouster and arrest of Nicolás Maduro, President Trump stated that the U.S. Would effectively run Venezuela and sell its oil.fortune.comfortune.comTrump said the U.S. would "run" Venezuela and sell its oil. Now it's starting to...indiatoday.inindiatoday.inHow tensions in Strait of Hormuz benefit Trump? It's all about oil This represents a significant shift in control over Venezuela's vast oil reserves, which are among the largest globally.

Strait of Hormuz Situation: The Strait of Hormuz remains a critical chokepoint for about a fifth of the world's oil supply. Trump has made statements about the U.S. Stance on the strait, including signaling willingness to let Iran maintain control or block it under certain conditions.youtube.comyoutube.comTrump tells countries that rely on oil from Strait of Hormuz 'they must grab it...theguardian.comtheguardian.comMiddle East crisis live: Trump says US will blockade the strait of Hormuz |...+1 more However, there is no clear evidence that the U.S. Has fully blocked or taken exclusive control of the strait.

Encouraging Purchase of U.S. Oil: Trump has publicly urged countries affected by disruptions in oil supply due to conflicts involving Iran to buy more oil from the United States, emphasizing America's increased production capacity and energy dominance.politico.compolitico.comTrump wants the world to buy more US oil. He might regret itndtv.comndtv.comTrump on Iran war: Grab It, Cherish It: Trump To Countries That Rely On Hormuz...+1 more This reflects a strategic push to increase U.S. Oil exports but does not equate to forcing countries to buy exclusively from the U.S.

Limitations and Counterpoints: Analysts caution that energy systems are complex and not fully controllable by any single power.thehill.comthehill.comThe war for oil that backfired: Trump’s ‘energy dominance’ illusion The idea that Trump has 'effectively taken control of the world's oil supply' is an overstatement given ongoing global market dynamics and geopolitical factors.