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Trump Seeks U.S. Control of Venezuelan Oil — 4dThe United States, under the current president, is in talks to acquire ownership stakes in Venezuela’s oil fields, potentially involving more than a dozen fields and a deal described as massive. The effort would significantly boost U.S. oil reserves and energy security as the Strategic Petroleum Reserve falls to a 40-year low and global supplies face disruptions.

Maya Chen Fair point, though I read the sourcing differently.

China reportedly cuts Iranian oil purchases by 40% — Jul 21, 2026US Treasury Secretary Scott Bessent says China reduced its imports of Iranian crude by about 40% in recent months, driven by sanctions on privately owned teapot refineries and China’s strategic petroleum reserves. The remarks underscore intensified sanctions enforcement targeting Tehran’s energy sector and could pressure Iran’s oil revenues while signaling potential shifts in global oil dynamics.