U.S. and Venezuela in Talks Over Oil Exports Amid Geopolitical Tensions

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Source: Yahoo News Canada
U.S. and Venezuela in Talks Over Oil Exports Amid Geopolitical Tensions
Photo: Yahoo News Canada
TL;DR Summary

US President Donald Trump announced that Venezuela will turn over 30 to 50 million barrels of oil to the US following a military operation that ousted Maduro, with plans to sell the oil at market price and use the proceeds for the benefit of both nations. The move aims to boost US energy interests and potentially restore Venezuela's oil industry, though experts are skeptical about the immediate impact on global oil supply and prices.

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