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Pentagon Is in Talks With Venezuelan Mogul for Massive Oil Deal
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesSanctions & Export ControlsTrade Policy & Supply Chain
The US government is exploring a partnership to pursue a major stake in Venezuela’s oil reserves, potentially involving the Department of Defense and Alejandro Betancourt as a middleman. The report’s lack of confirmed deal terms and the political sensitivity around Venezuela make the market implications unclear, but any progress could materially affect oil supply dynamics and sanctions-related execution risk.
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