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US Venezuela Oil Surge
Description
U.S. fuel makers doubled Venezuelan crude imports to their highest level since late 2024 as the Iran war reshuffled global oil flows. Latin American supplies rose 1M+ barrels/day to offset Middle East disruptions, while U.S. crude exports hit their highest since September 2025. Gasoline approached $4/gallon and diesel topped $5 — the highest since 2022–2023.
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