Donald Trump announced on July 13 that the United States would "take control" of the Strait of Hormuz. He said this after another series of overnight airstrikes on Iran, according to the New York Post. "We're taking control of the Strait. They have nothing. They have nothing at all..."
More than five months after the United States captured now-former Venezuelan President Nicolás Maduro, President Donald Trump reiterated his administration's intention to annex the oil-rich country, USA Today reported. Trump on May 11…
The US Coast Guard is allowing a Russian tanker carrying crude oil to pass through Cuba, allowing the island to receive vital fuel. This follows months of a de facto oil blockade imposed by the Donald Trump administration, The New York Times reports. The tanker…
On January 6, President Donald Trump announced that Venezuela would transfer 30 to 50 million barrels of oil to the United States. It will be sold at market price, with the US controlling the proceeds, CNN reports. Trump is demanding Venezuela cut ties with China and Russia…
Average gas prices across the country fell this week, but the savings may be short-lived with prices expected to rise as early as midweek, NewsNation reports. Saudi Arabia says it will cut oil supplies to the global economy by 1 million barrels per day...
The Environmental Protection Agency (EPA) recently gave the Chevron refinery the green light to make fuel from discarded plastic as part of an environmentally friendly initiative to promote alternatives to oil. But, according to agency reports, the production of one of the fuels can lead to ...
Lukoil Vice President Ravil Maganov died in Moscow (Russia). A 67-year-old employee of the company fell out of a hospital window. He became the ninth influential Russian to “commit suicide” this year alone, and almost all of them have died since the start of Russia’s invasion of Ukraine. Ravil…
On June 20, the Russian ruble rose to $55,47, the highest gain since 2015. While many have rejected the ruble's exchange rate, Charles Lichfield, associate director of the Atlantic Council's Center for Geoeconomics, published an editorial titled "Don't Ignore the Exchange...
The United States of America is introducing a ban on all imports of Russian oil and gas, Ukrainskaya Pravda reports. US President Joe Biden announced this in his speech on March 8. “We ban all imports of Russian oil, gas and energy. This means that the Russian...
Many Americans may prefer to keep the US out of the conflict between Russia and Ukraine, brewing violence and political fallout already hitting their wallets, CBS reports. Gasoline prices, which have reached an eight-year high, could rise even more if military action...