Texas imports of Venezuelan oil soar as war chokes off Middle East supply

As the Strait of Hormuz remains closed due to ongoing conflict, Texas refineries are increasingly turning to Venezuela for oil imports to fill the gap left by the near-total halt of supplies from Iraq and Saudi Arabia. This shift underscores the vulnerabilities in global oil supply chains and highlights the strategic importance of alternative sources during geopolitical crises. The influx of Venezuelan oil not only aids Texas refineries but also has broader implications for global energy markets, potentially reshaping trade alliances and supply routes.