It’s an opportune time for Venezuelan oil to return to the Texas coast, analysts say. In 2025, they represented over 12% of total crude oil imports into Texas and the broader Gulf Coast. Meanwhile, Venezuelan imports have nearly quadrupled since the Strait of Hormuz first closed in late February, according to the most recent federal data. “If the government of Venezuela has to redirect funds for earthquake relief, then that could affect some (oil) production,” Chowdhury said. Source: Brandon Mulder, The Texas TribunePhoto Credit: Imports of Venezuelan oil to Texas refineries has surged as imports from the Middle East have fallen because of the Iran war.