CARACAS: Venezuelan President Nicolas Maduro has said his government is ready to hold talks with the United States, despite heightened tensions following recent claims of American military action linked to drug trafficking. Read More: Maduro extends olive branch to U.S. In an interview broadcast on state television, Mr Maduro said Venezuela was open to dialogue with […]
Venezuela
US says two killed in strike on suspected drug smuggling vessel
The United States military said two people were killed in a strike on a vessel suspected of drug smuggling in the Eastern Pacific, bringing the total death toll from Washington’s maritime counter-narcotics campaign in the region to at least 107. Read More: US military strike destroys suspected drug vessel in Eastern Pacific In a statement posted on […]
Oil prices rise after US intercepts Venezuelan tanker
Oil prices climbed in early Monday trade following the U.S. interception of an oil tanker off Venezuela coast in international waters. Brent crude futures rose 44 cents, or 0.73%, to $60.91 per barrel, while U.S. West Texas Intermediate (WTI) crude increased 40 cents, or 0.71%, to $56.92. The U.S. Coast Guard is also pursuing another […]
Trump won’t rule out war with Venezuela
US President Donald Trump said on Thursday that war with Venezuela is not off the table. He confirmed that all options remain on the table. The warning came amid ongoing US seizures of Venezuelan oil tankers near the Caribbean. Trump spoke in a telephone interview with a US news channel, highlighting increased actions against Venezuelan […]
China defends Venezuela, condemns US economic measures
China has strongly opposed US economic sanctions on Venezuela and the blocking of its oil tankers. Foreign Minister Wang Yi spoke with Venezuelan counterpart Ivan Gil, emphasizing that Beijing rejects unilateral coercion. He stressed that countries’ sovereignty and national dignity must be respected. Wang Yi urged the international community to support Venezuela’s stance in defending […]
Oil price rise on US sanctions, Venezuela tanker risks
BEIJING: Oil prices climbed on Thursday amid reports that the United States may impose new sanctions on Russian oil if Moscow does not agree to a peace deal with Ukraine. Market participants also weighed the potential supply risks from a blockade of Venezuelan oil tankers. Read More: India defies sanctions with strong Russian oil imports US West […]
Trump orders blockade on oil tankers linked to Venezuela
US President Donald Trump on Tuesday ordered a “total and complete blockade” of all sanctioned oil tankers entering or leaving Venezuela. The move is part of Washington’s latest effort to increase pressure on President Nicolas Maduro’s government by targeting its main source of revenue. Read More: US seizes Venezuelan oil tanker, tensions soar Trump announced the […]
Venezuela: Imperialist War and its Consequences
“What we are watching is not another regional conflict”, Yanis Varoufakis, a prominent Greek economist and politician, says, “it’s fundamentally a restructuring of global economic power that will have a cascading effect on energy markets, currency systems and trade relationships for decades to come”. Venezuela has one of the largest oil deposits in the world- […]
US may strike nations trafficking drugs, says Trump
President Donald Trump said on Tuesday that any country sending illegal drugs into the United States could be attacked. He specifically mentioned cocaine from Colombia. Trump also hinted that strikes could target nations beyond Venezuela. Trump made the remarks during a White House cabinet meeting, emphasizing his administration’s aggressive stance on drug trafficking. He highlighted […]
OPEC+ quota shake-up sparks Gulf oil investment race
OPEC+ announced a new system to set oil production quotas, aiming to reward investment and stabilize markets. The Maximum Sustainable Capacity (MSC) mechanism will assess members’ production potential for 2027. Gulf producers and other members are expected to increase spending to expand output under the new system. The MSC review runs from January to September […]