Bessent Says Oil Prices Will Drop “If Something Happens” in Venezuela
Trump’s treasury secretary appears to be revealing the administration’s ultimate plan in Venezuela.

On Thursday, Treasury Secretary Scott Bessent said that oil prices could go down “if something happens down in Venezuela.”
“I am very confident about job growth and the momentum that we’ve got for next year,” Bessent told Laura Ingraham on Fox News. “Capital expenditure is always followed by job growth. The peace deals—we are seeing a peace dividend from that. And I think there’s a very good chance that if something happens with Russia, Ukraine, if something happens down in Venezuela, that we could really see oil prices go down even more.”
The remark from a top Trump official appears to suggest that the administration is planning for “something” to happen in Venezuela Trump has cast the country as a major drug-trafficking hub to justify his strikes of drug boats in the surrounding waters, and seems to have regime change—potentially through military intervention—as its ultimate goal.
“U.S. military action could trigger a crisis on the same order as happened in Iraq after the U.S. regime change effort there,” Caracas-based International Crisis Group senior analyst Phil Gunson told The New Republic. “If the U.S. does decapitate the government, the multiple armed actors could bring about a degree of anarchy. None of these different groups have any incentive to just lay down their arms. There have been several decades of accumulated resentments on various sides, and it’s not fanciful to imagine that there could be lynchings. There could be bombings or selective assassinations.”
Bessent: "If something happens down in Venezuela, we could really see oil prices go down even more." pic.twitter.com/LBjQhPjWph
— Aaron Rupar (@atrupar) November 21, 2025








