Energy Sec. Wright on Venezuela oil deal: U.S. government will not be the operator of those reserves

CNBC’s Squawk Box segment with Energy Secretary Chris Wright covers the details of the U.S.-Venezuela oil deal, including implications for U.S. domestic oil production and the amount of oil moving through the Strait of Hormuz. The report is focused on logistics/volume and supply impacts rather than a quantified market outcome, implying limited near-term price impact absent specific deal terms.