Trump's new 25% tariffs on countries trading with Iran could reshape global trade dynamics, stirring tensions with China and complicating Iran's already struggling economy amidst protests.
In a surprising turn of events, Chinese buyers are shunning Venezuelan crude due to a US blockade that's tightening the export market and driving prices up. Discover the implications of this shift!
The arrest of Nicolás Maduro raises critical questions about the future of Venezuela's oil industry. With Chevron and other companies poised for potential gains, experts warn of uncertainty in exports and production.
In a recent interview, Secretary of State Marco Rubio clarified President Trump's comments about U.S. control over Venezuela, emphasizing a military quarantine on oil exports instead. The focus is on leveraging policy changes from Maduro's allies without a direct occupation.
In a bizarre twist, the crew of the Bella 1 oil tanker has painted a crude Russian flag on its hull while being pursued by the US Coast Guard. This act complicates the legalities of seizing the vessel, which is under US sanctions for allegedly shipping Iranian oil. The situation raises questions about the future of US efforts to control Venezuelan oil exports.
In a bold response to Trump's blockade threats, Venezuela's Navy has begun escorting oil ships to Asian markets, raising tensions with the U.S. and complicating the ongoing oil sanctions situation.
In a surprising turn of events, Belarus has released 123 prisoners, including prominent activist Maria Kolesnikova, following US sanctions relief. This marks a significant shift in international relations.
President Trump announces a $12 billion aid package to support farmers struggling from trade war impacts. This funding aims to provide stability amid rising costs and market uncertainties.
In a significant turn of events, China has permitted Dutch chipmaker Nexperia to resume exports, prompting the Netherlands to reconsider its control over the company. This development could alleviate the ongoing global chip shortage impacting automotive production.
In a landmark agreement, China will lift its export ban on automotive computer chips, crucial for car production worldwide. This trade deal with the US also includes soybean and rare earth minerals, signaling a major de-escalation in the trade war.