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Venezuelan Oil Being Held at Sea Swells After US Intervention

GenevaTimes by GenevaTimes
January 9, 2026
in Business
Reading Time: 1 min read
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The upheaval has cast doubt on where the Venezuelan oil that’s now in transit or floating storage will end up. Still, Wright also said Washington would not prevent China from accessing Venezuelan oil, according to comments to Fox News. “We’re not going to cut off China,” he said. “The illicit trade in oil with Iran and Russia, the illegal gun-running stuff, that’s going to be cut off.”

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