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
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
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.
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).
Speaking with ANI, the expert said, "The basic grievance is economic mismanagement and corruption, structural inefficiencies that have brought Iran to where it is today. It has nothing to do with sanctions or with the 12-day war with Israel, as others believe. That is a misperception. It is
In a statement issued by the US Department of the Treasury on Friday, the Office of Foreign Assets Control (OFAC) designated relatives and associates of Maduro and his wife, Cilia Flores, further pressuring the Latin American country over corruption and narcotics-related activities.
Oil tanker movements into and out of Venezuelan waters have almost come to a standstill, Al Jazeera's sources stated, after the US announced that it would seize more vessels as part of its military pressure on Venezuela's President Nicolas Maduro.
Russian oil exports saw a steep decline in November as buyers grew increasingly cautious over the risks linked to more stringent US sanctions, the International Energy Agency (IEA) said in its latest report.
During a White House press briefing on Thursday (local time), Press Secretary Karoline Leavitt stated that the vessel, named Skipper, is currently undergoing a formal forfeiture process, following which it will be brought to a US port.
Just a day after President Donald Trump stated that the US has seized a "very large" oil tanker off the coast of Venezuela, the Department of the Treasury on Thursday (local time) imposed sanctions on three nephews of Venezuela's First Lady Cilia Flores and six shipping companies linked t