The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in Venezuela set off a round of finger pointing, with U.S. officials blaming members of the Venezuelan military for getting cold feet, though independent analysts have questioned whether the Trump administration got played or trusted faulty intelligence. But the story is not over, and top Trump officials, particularly National Security Adviser John Bolton, are fixated on toppling President Maduro. The turmoil is likely set to continue, and the failed coup attempt earlier this week complicates the task facing the Venezuelan opposition. As the instability drags on, the more likely Venezuela’s already declining oil production will suffer even greater disruptions. In fact, the failure of Juan Guaidó and the setback to one of the Trump administration’s key foreign policy offensives probably […]