# 20: Oil Markets in 2026: Venezuela, Iran, and What Comes Next for Global Supply

Page: https://stenobird.com/podcast/the-energy-forum-7083503/20-oil-markets-in-2026-venezuela-iran-and-what-comes-next-for-global-supply
Text version: https://stenobird.com/podcast/the-energy-forum-7083503/20-oil-markets-in-2026-venezuela-iran-and-what-comes-next-for-global-supply.md
Podcast: [The Energy Forum](https://stenobird.com/podcast/the-energy-forum-7083503)
Published: 2026-01-14T20:28:41+00:00
Episode link: https://energyforum.podbean.com/e/20-oil-markets-in-2026-venezuela-iran-and-what-comes-next-for-global-supply/
Audio file: https://mcdn.podbean.com/mf/web/8fthyau86qpe7kvw/Abhi_Skip_01122026_-_Maram_Hijazi6leu7.mp3
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Duration seconds: 1325

## Resource

Oil markets are entering 2026 with rising geopolitical risk and an uneasy global supply balance. In this episode of “The Energy Forum,” Abhi Rajendran and Skip York break down what recent political developments in Venezuela and Iran could mean for crude oil production, prices, and long-term investment decisions. This episode provides a timely look at where oil markets may be headed, what could tighten or loosen global balances, and why Venezuela could once again become strategically important for long-term supply portfolios. Featured: Abhi Rajendran, https://www.bakerinstitute.org/expert/abhi-rajendran Skip York, Ph.D., https://www.bakerinstitute.org/expert/harold-skip-york This conversation was recorded on Jan. 12, 2026. You can follow @BakerInstitute and @CES_Baker_Inst on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.

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## Transcript

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