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flag Traders rebrand Venezuelan oil as Brazilian to evade U.S. sanctions and cut costs.

flag Over the past year, traders have rebranded more than $1 billion worth of Venezuelan oil as Brazilian crude to avoid U.S. sanctions and reduce shipping costs. flag This practice involves manipulating vessel signals to make it seem the oil originates from Brazil, enabling direct shipments to China. flag The U.S. has imposed a 25% tariff on countries buying Venezuelan oil, aiming to curb Venezuela's oil exports.

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