A former Chevron Latin America president, Moshiri, is backing a potential U.S. stake in Venezuelan oil, arguing the oil supply would help reduce exposure to major shipping chokepoints such as Hormuz, the Red Sea, and the Black Sea. The claim is positioned as a supply-chain and geopolitical hedge rather than a quantified near-term production or pricing catalyst.
A former Chevron Latin America president, Moshiri, is backing a potential U.S. stake in Venezuelan oil, arguing the oil supply would help reduce exposure to major shipping chokepoints such as Hormuz, the Red Sea, and the Black Sea. The claim is positioned as a supply-chain and geopolitical hedge rather than a quantified near-term production or pricing catalyst.
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