he United States on Wednesday announced a major energy initiative with Venezuela following its military operations last week, rolling back select sanctions to market Venezuelan crude oil globally while stabilising the South American nation's energy sector.
The United States on Wednesday stated that it has seized the Russian-flagged oil tanker, M/V Bella 1, in the North Atlantic Sea after weeks of pursuit by the US Coast Guard warship after it evaded a US blockade of sanctioned oil tankers near Venezuela for over a fortnight.
US President Donald Trump announced on Tuesday that the interim authorities in Venezuela would turn between 30 and 50 million barrels of sanctioned oil to the United States and said that while the oil will be sold at its market price, the money will be controlled by Trump to ensure it is
China could suffer up to 100,000 troop deaths in a failed Taiwan invasion and be forced to retreat, though it may hold Kinmen and Matsu, a report says. The study outlines heavy losses, prolonged fighting and limited international responses in both major and minor conflict scenarios.
Former US NSA John Bolton criticised Donald Trump's Venezuela policy after Nicolas Maduro's ouster, saying it lacks logic and coherence. He said Trump weakened opposition leadership, failed to dismantle the regime fully, and prioritised oil and gasoline prices over consistent strategic pr
Iran's Ambassador to India stated that Chabahar Port is a strategic, long-term project beyond external pressure, highlighting its role in regional connectivity. He underlined strong India-Iran ties as the US announced sanctions on Chabahar operators, raising concerns over the project's fu
The Congress on Monday intensified its attack on the Narendra Modi-led government, questioning whether India's foreign policy was "now being dictated by the United States," following remarks by US President Donald Trump that New Delhi reduced its oil purchases from Russia to keep him "hap
The ongoing crisis involving Venezuela is unlikely to have a significant impact on global prices of gold, silver and crude oil, as the country has already been under sanctions for several years and plays a limited role in formal global supply chains, experts said while reacting to the rec
Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if sanctions are lifted.
Explaining the rationale behind the move, Carney said in a post on X that the sanctions were meant to unequivocally condemn Maduro's "grave breaches of international peace and security, gross and systematic human rights violations, and corruption."
Former diplomat Mahesh Sachdev stated allegations against deposed Venezuelan leader Nicolas Maduro cited by US President Donald Trump are unproven, and the situation involves legal, geopolitical and economic motives, including sanctions and US interest in Venezuela's oil sector.
The ongoing crisis in Venezuela is unlikely to have any material economic or energy impact for India, asserted India-based think tank Global Trade Research Initiative (GTRI).