WASHINGTON: US military forces boarded a sanctioned oil tanker in the Indian Ocean after tracking it from the Caribbean Sea, as part of Washington’s efforts to enforce an oil quarantine targeting Venezuela, Defence Secretary Pete Hegseth said on Monday. Read More: Trump announces India will buy Venezuelan oil, not Iranian crude The tanker, Aquila II, was […]
Oil Sanctions
Russia backs Venezuela amid tanker blockade tensions
CARACAS/BEIJING/NEW YORK: Russia has pledged full political and diplomatic support to Venezuela as tensions escalate following US action against sanctioned Venezuelan oil tankers in the Caribbean. Read More: Oil price rise on US sanctions, Venezuela tanker risks The commitment was conveyed during a phone call between Russian Foreign Minister Sergei Lavrov and his Venezuelan counterpart Yvan Gil. […]
Trump Says Modi Agrees to Stop Buying Russian Oil
WASHINGTON – US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has agreed to stop purchasing oil from Russia — a decision Trump hailed as a “big stop” in global efforts to isolate Moscow over its invasion of Ukraine. India and China are the largest buyers of Russian seaborne crude, benefiting […]