Home / WorldWorldAl JazeeraWorldAl Jazeera·Sep 2, 2026·1 min readThe US is gobbling up Venezuelan oil, but will it lower fuel prices?Analysts say Venezuelan crude is hard to extract and refine, and likely can't replace oil stuck in the Strait of Hormuz.View original source — Al Jazeera ↗ShareCopy linkShare on XShare on FacebookRelated storiesBusinessStraits TimesBusinessSep 1, 2026 · 1 minUS defends Trump’s Venezuela oil dealStraits TimesWorldBBCWorldSep 1, 2026 · 1 minRemarkable US oil deal puzzles analysts - and angers many VenezuelansBBCPoliticsThe New York TimesPoliticsSep 2, 2026 · 1 minChevron Expansion in Venezuela Extends U.S. Influence Over Oil RichesThe New York TimesWorldAl JazeeraWorldSep 1, 2026 · 1 minUS energy secretary will travel to Venezuela to unveil oil arrangementAl Jazeera
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