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Chevron Venezuela deal assessed as response to high gas prices

United StatesVenezuela
First seen: Sep 3, 2026, 5:32 PM UTCUpdated: Sep 3, 2026, 6:17 PM UTC

Treasury Secretary Scott Bessent praised a reported $7 billion Chevron deal involving Venezuela as a possible response to elevated gas prices. The report questions how effective it will be.

The deal could affect future energy supply and prices, but its wider market impact is uncertain from the supplied information.

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