The Trump administration has reversed its previous ban and is now allowing Chevron to resume oil production in Venezuela, signaling a significant shift in U.S. foreign and energy policy. This move is expected to boost crude supplies for U.S. refiners and could ease global oil prices, which have recently fallen amid rising inventories and supply concerns. The decision marks a softening of the U.S. stance toward the Maduro government, though officials insist the policy will not directly benefit the regime. Analysts say the return of Venezuelan oil could reshape global crude sourcing and tanker demand. The policy change comes as the U.S. balances energy needs with diplomatic pressures in the region.
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