In a high-stakes chase, the U.S. Coast Guard pursued the Bella 1, an oil tanker linked to Venezuela, as tensions rise over its links to sanctioned oil trades and terrorism funding.
Tensions escalate as the US Coast Guard actively pursues a vessel linked to Venezuela's illegal oil trade. The situation intensifies following recent tanker seizures and accusations of drug-related funding.
In a significant escalation, the U.S. Coast Guard boarded a tanker carrying Venezuelan oil, amid rising tensions with President Maduro. The operation raises questions about maritime law and international trade.
Russian President Vladimir Putin's visit to India was marked by grand ceremonies but few substantial deals. The focus was on trade, oil imports, and the future of Russia-India relations amidst pressure from the West.
Jamnagar, once in the spotlight for a celebrity wedding, is now at the center of a geopolitical crisis as U.S. tariffs on Indian oil test the limits of U.S.-India relations. The region's key refineries, led by Mukesh Ambani's Reliance Industries, face scrutiny amid rising tensions over Russian oil imports.
Iran's parliament has backed a controversial move to close the Strait of Hormuz, a key oil transit route. This could lead to soaring oil prices and significant global economic repercussions. However, analysts suggest such a closure might be unlikely due to strong US military presence in the region.
The trade of Venezuelan oil to China faces uncertainty after President Trump's new tariff threats. Traders are on hold, awaiting clarity, as the oil market is thrown into turmoil.
In a bold move, President Trump announces a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision is linked to concerns over violent immigration from Venezuela, impacting global oil markets as prices surge.