President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President
Donald Trump said the US has secured majority control of more than 65 billion barrels of Venezuelan oil. In a post on Truth Social on Friday, Trump said the US has reached “THE BIGGEST OIL DEAL IN WORLD HISTORY” with interim Venezuelan President Delcy Rodríguez and private companies, and that the agreement would come “at
The Iran war exposed just how much the world relied on a narrow 20-mile-wide waterway. Soon after the U.S. launched strikes on Iran, the latter threatened to strike ships trying to traverse the Strait of Hormuz, the channel for much of the Middle East’s oil and gas exports. The threat of shortages pushed countries across
Mercedes-Benz CEO Ola Källenius has found religion in synthetic engine noise. He said his conversion came when he drove the new electric version of the AMG CLA 45, Mercedes’ performance sedan. It uses artificial sounds and sensations to mimic a combustion-powered car. “I was like a born-again Christian,” he told UK car enthusiast publication Autocar.
The Trump administration is bringing back a centuries-old legal tradition that would allow it to more easily seize Iranian oil tankers and sell off their assets. Aaron Reitz, who is the U.S. Attorney in the Houston-based Southern District of Texas, confirmed to Fortune the revival of prize law, or a set of rules allowing for
With a seemingly never-ending pool of options, it can be hard to know if you’re picking the best bar for a happy hour or night out. Take it from Stephanie Ridgway, who worked at several bars and distilleries before becoming the director of brand advocacy for the liquor brand Charles Jacquin et Cie. “I’ve been
