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Venezuela chaos may undermine prices on

Venezuela events may cause price increases in global markets

Hungarian Prime Minister Orban stated that instability in Venezuela could trigger a rise in oil prices on global markets. According to him, geopolitical and economic factors in Venezuela could affect oil supplies and push prices upward.

Context

Venezuela has experienced political and economic instability in recent years, which has impacted its oil sector and the global oil industry.

Summary:

Hungarian Prime Minister predicts oil price rise due to events in Venezuela.