Venezuela’s oil deal shakes up global energy

Caracas and Washington have agreed to send up to $2 billion worth of Venezuelan crude to U.S. refineries, a move that could reroute supply away from China.

President Trump says 30–50 million barrels of sanctioned oil will flow to U.S. ports as blockaded stockpiles finally move.

The unexpected shift has traders watching price spreads and markets for clues on what comes next in geopolitics and energy.