Venezuela and US Ramp Up Oil Trade As Iran Situation Worsens

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As US-Israeli strikes on Iran since late February 2026 disrupt crude flows through the Strait of Hormuz and damage export hubs like Kharg Island, the Trump administration is rapidly expanding energy agreements with Venezuela to restore global supply balance.

Please read the full article here:
US-Venezuela Oil Pact Expands Offsetting Iran War Supply Shock

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