US nears deal to secure stake in Venezuelan oil fields, insiders say - Al Jazeera

US nears deal to secure stake in Venezuelan oil fields, insiders say - Al Jazeera

Source: Al Jazeera

DW NOTE

The U.S. is negotiating equity in Venezuelan oil with Hormuz closed and supply down 4% globally. Either Washington believes the strait reopens soon, or it's paying for barrels that won't reach market. Neither scenario suggests the deal was struck from strength.

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