The article examines the profound influence of oil on geopolitics and the global economy, particularly in light of recent events surrounding the Iran War. It highlights how oil has served dual purposes: as a prize for nations like Venezuela, which has seen its leader Nicolás Maduro leverage oil wealth for political gains, and as a coercive political tool, exemplified by American sanctions on Cuba that restrict its energy access. The implications of fluctuating oil prices, especially with prices now exceeding $100 per barrel, are underscored as countries face increased economic risks associated with energy shortages.