Oil traders note: Maduro confirms phone contact with Trump, hint of diplomatic thaw

  • Any thaw in U.S.–Venezuela ties could raise expectations of future supply relief, marginally capping upside risks for crude.
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Venezuelan President Nicolás Maduro said on Wednesday that he spoke with U.S. President Donald Trump roughly 10 days ago, describing the exchange as “respectful and cordial.” His comments mark the first confirmation of direct communication between the two leaders in months.

Maduro added that both sides have begun taking initial steps toward establishing a more “respectful dialogue,” signalling a potential shift in the long-strained relationship between Washington and Caracas. Though no details were disclosed, the remarks suggest a tentative opening for diplomatic engagement following years of political tensions and U.S. sanctions.

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