US control of Venezuela oil risks debt restructuring showdown with China

Core Insights - U.S. control over Venezuela's oil exports has impacted barrels that were intended to service debt obligations to China, indicating a potential escalation in tensions between the U.S. and China [1] Group 1: U.S. and Venezuela Oil Exports - The U.S. has exerted control over Venezuela's oil exports, which has led to complications in servicing debts owed to China [1] - This situation may lead to a confrontation between the U.S. and China, further complicating the geopolitical landscape [1]