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Venezuela’s Return to Oil Markets Enhances Israel’s Energy Security

February 17, 2026 ARTICLES, Energy Market, important 0

Oil drums are marked with the flag of Venezuela.Shutterstock

Changes in One Producer’s Political and Economic Conditions Can Ripple Across Global Energy Markets On February 10, 2026, Bloomberg reported that traders shipped Venezuelan crude oil to Israel’s Bazan Group, the country’s largest refinery operator in Haifa. The cargo marks the first Venezuelan delivery to Israel since mid-2020, when Israel imported approximately …

Umud is a Washington-based Energy Strategist and Senior Foreign Policy advisor and author of US Energy Diplomacy in the Caspian Sea Basin: Changing Trends Since 2001. He is serving as Faculty Associate – at George Mason University. Umud holds a Ph.D. in International Relations. He comes with extensive expertise and professional experience in global energy market studies, energy security, the geopolitics of climate change, industrial policy for clean energy, as well as foreign policy in the context of climate change and energy transition.

His primary research interests lie in energy diplomacy and energy transition, U.S. energy policy, the geopolitics of energy, Iran-Turkey relations, as well as Iran-Russia relations, the Caspian Sea region, Central Asia and the GCC. He has written about the geopolitics of energy and natural gas, political economy of hydrocarbon states, sustainable cities and mobility, the pace and trajectory of energy transition, the geopolitics of US sanctions against Iran oil exports, and the geopolitics of energy in Europe, the Eastern Mediterranean, Middle East, Central Asia, and Caspian Sea Region.