Russian oil goes to India, Europeans buy refined products from them: Scott Bessent

[ad_1] Treasury secretary Scott Bessent said the US made much bigger sacrifices than the European countries in the Russia-Ukraine conflict. “We have put 25% tariffs on India for buying Russian oil. Guess what happened last week? The Europeans signed a trade deal with India,” Bessent said, explaining that Russian oil goes to India and then […]

Iran’s shadow fleet: Nine tankers sanctioned by US over oil trade

[ad_1] Representative image (AI) The United States on Friday imposed fresh sanctions on a fleet of nine ships and their owners for allegedly transporting hundreds of millions of dollars’ worth of sanctioned Iranian oil to foreign markets. The move marks a further escalation of pressure on Tehran amid ongoing unrest and a nationwide crackdown in […]

Drone attack: Russian oil port blasts, fuel tanks damaged in attack by Ukraine; 3 killed

[ad_1] An oil terminal near the village of Volna in Russia’s Krasnodar Krai was struck late Wednesday by Ukrainian drones, triggering a major fire that killed at least three people and injured several others, according to Russian authorities.Krasnodar region governor Veniamin Kondratyev said four oil product tanks caught fire following the strike. Emergency services said […]

US shields Venezuelan oil revenue as Trump signs executive order for investment in the nation’s oil sector

[ad_1] US President Donald Trump on Saturday signed an executive order meant to declare a national emergency and safeguard Venezuelan oil revenue held in US accounts, taking another step to control future sales of Venezuelan oil.The executive order effectively blocked the oil revenue from the Latin American country’s creditors and prevented its seizure to satisfy […]

‘Happy Trump’: Trump wears own lapel pin for meeting on Venezuelan oil | World News

[ad_1] Happiness means different things to different people. For someone craving sugar, it might be a bar of chocolate. For someone with a burning stomach, it could be a chilled lemonade. For someone having a bad day, maybe it is a beer. For a hungry beast, it could be a deep-fried chicken leg, dripping with […]

‘Owning the sea’: Moment US forces intercepted sanctioned oil tanker in Caribbean Sea – watch

[ad_1] The United States has intercepted and seized another sanctioned oil tanker at sea, escalating its enforcement campaign against so-called “ghost fleet” vessels accused of moving embargoed crude and drawing sharp criticism from Moscow. This was the fifth such interception under Trump’s administration aim to control the distribution of Venezuela’s oil products.The latest operation, carried […]

‘Our gratitude’: Moscow says US to release two Russian crew members from seized oil tanker; move after request to Trump

[ad_1] The Russian-flagged tanker was seized on Wednesday Russia announced on Friday that the United States will release two Russian crew members from a Russian-flagged oil tanker seized by US forces in the Atlantic Ocean two days ago.“In response to our request, US President Donald Trump has decided to release two Russian citizens aboard the […]

Oil tanker row: Moscow condemns US seizure of Russian-flagged vessel; cites violation of maritime law

[ad_1] Moscow condemns US seizure of Russian-flagged vessel Russia on Wednesday strongly condemned the seizure of a Russian-flagged oil tanker by US military forces, asserting that Washington had no legal right to use force against a vessel lawfully registered under another country’s jurisdiction on the high seas.In a statement issued on Telegram, Russia’s ministry of […]

‘Kick out China, Russia, Iran’: US sets terms for Venezuela on oil drilling; what we know

[ad_1] US secretary of state Marco Rubio has asked the interim government of Venezuela to expel official advisers from China, Russia, Cuba and Iran, The New York Times reported, citing US officials.According to the report, Rubio listed the Trump administration’s demands to Venezuela’s new leader Delcy Rodríguez, in a classified meeting on Monday. Trump’s BIG […]

‘Great powers don’t act like that’: Vance pushes back on criticism of Venezuela op; claims oil stolen from US

[ad_1] US Vice President JD Vance (AP) US Vice President JD Vance on Sunday defended Washington’s decision to launch military action against Venezuela, saying the country has long been linked to drug trafficking and has used seized American oil assets to support what he described as “narcoterrorist activities.”His comments followed a “large-scale strike against Venezuela” […]