The 6 major oil reserve on earth:

-Venezuela— 303 billion barrels
-Saudi Arabia— 297 billion barrels
-Iran— 209 billion barrels
-Canada— 168 billion barrels
-Iraq— 145 billion barrels
-UAE— 113 billion barrels

Obviously, UAE and Saudi Arabia are deploying their oil wells to develop Dubai, Kuwait, Qatar, Oman and other regions they've alliances with.

Currently, Israel is fighting to take over Iran and Iraq with the help of the United States and Europe to exploit the oil reserve; a new alliance formed in 2024 as a result of Trump government.

Canada is already in alliance with the US supplying around 97% of its oil which is why US is still among the top oil producing country in the world.

Oil supply was moving on fine with Canada and US till Trump introduced tarrif.

When Trump threatened to place tarrif on Canadian goods including energy causing major concern for Canadian oil producers.

Canada started oil export diversification to Asians which is currently affecting the United States oil reserve daily depleting.

To find an alternative supply route, TRUMP needed another country with huge oil reserve to make up for Canada.

His three major experiments countries are:

Venezuela
Iran & Iraq
Nigeria

He came up with the tactics, pull on an exiting weak point of each nation with high oil reserve and see which country will be an easy conquer for a takeover without causing a global unrest.

In Iran, he aligned with Israel, but taking out Iran and Iraq won't give him ultimate control of their oil reserve as Israel, and Europe is interested in the countries oil reserve as well.

In Nigeria, he manufactured a lebel "Christian Genocide" but the oil in Nigeria isn't enough for the massive oil extraction he is looking for also given to the fact that Nigeria oil reserve isn't fully controlled by the government. 70% of Nigeria oil is controlled by individuals Army generals and friends and family of past government administrations. So, it won't be easy to confiscate these oil wells from these individuals.

Venezuela was the perfect country to implement his capture and extract strategy.

It's why he bombed Caracas, captured the President. Order immediate control of the country and oil extraction.

What's the economic and geopolitical effect of these action:

US gaining more oil reserve means more oil supply which will also trigger oil price drop.

As a stock trader, it makes no sense buying stocks of companies in oil and gas till global clarity is gained.

In my opinion, I think oil price will still drop further, trading in oil, it's time to buy up as the price declines, after geopolitical acquisition is completed price will start rising.