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Sat · 19 Sep 2026

US Energy Secretary Says Refiners Can Absorb More Venezuelan Oil

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US Energy Secretary Says Refiners Can Absorb More Venezuelan Oil

🛢️ ENERGY — Washington's backup fuel source is Venezuelan oil. That's the tell. 📌 LOOK CLOSER: Wright signaling Venezuelan absorption capacity is the administration quietly managing the Hormuz supply gap without admitting it. Expanding Venezuelan crude intake requires sanctions flexibility — Wright's statement implies political authorization exists or is coming. It also signals Hormuz reopening isn't expected imminently.

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