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 […]
Venezuela
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 […]
US says Venezuela boat attack lawful amid criticism
The White House on Monday defended U.S. strikes on a Venezuelan drug-smuggling vessel in September, saying the operation was lawful and authorized by Defence Secretary Pete Hegseth. The strikes, which reportedly targeted survivors of the initial attack, have drawn criticism from legal experts and lawmakers questioning their legality under international law. White House spokeswoman Karoline […]
Trump confirms call with Maduro as tensions escalate
CARACAS: US President Donald Trump confirmed on Sunday that he had recently spoken with Venezuelan President Nicolas Maduro, as tensions between the two countries reached a new peak. Read More: Trump says Venezuela airspace should be considered ‘closed’ The revelation came amid a significant US military buildup in the Caribbean and accusations from Caracas that Washington […]