The United States attempted to seize a Russian-flagged tanker linked to Venezuela on Wednesday, escalating tensions in Latin America and straining relations with Moscow. The move is part of President Donald Trump's push to control oil flows in the region and pressure Venezuela’s government to cooperate with U.S. interests. The U.S. Coast Guard and military …
Caracas and Washington have reached a deal for Venezuela to export up to $2 billion worth of crude oil to the United States, U.S. President Donald Trump announced on Tuesday. The agreement aims to divert oil supplies from China while helping Venezuela avoid deeper production cuts. Trump said the deal signals Venezuela’s willingness to open …
Shares of U.S. oil companies jumped Monday after President Donald Trump indicated that major American oil firms could gain access to Venezuela’s vast oil reserves. Trump made the announcement following the arrest of Venezuelan President Nicolas Maduro. “We’re going to have our very large U.S. oil companies go in, spend billions of dollars, fix the …
Oil prices climbed more than 2% on Wednesday after U.S. President Donald Trump ordered a full blockade of sanctioned oil tankers operating in and out of Venezuela, triggering fresh concerns over supply disruptions. Brent crude futures rose $1.41, or 2.4%, to $60.33 a barrel by 10:18 GMT. U.S. West Texas Intermediate (WTI) gained $1.42, or …
The U.S. military killed 11 people on Tuesday in a strike on a vessel allegedly carrying narcotics from Venezuela, President Donald Trump said. It marks the first known operation since his administration deployed warships to the southern Caribbean. Trump told reporters at the White House: “We just, over the last few minutes, literally shot out …
Venezuela’s government is quietly allowing the use of dollar-pegged cryptocurrencies in private-sector currency exchanges as U.S. sanctions squeeze oil revenues and reduce the flow of foreign currency. U.S. restrictions on oil exports, described by Caracas as “economic war,” have made it harder for businesses to access dollars. Companies seeking raw materials must often exchange bolivars …
