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
Oil prices have risen more than 30% over the past month to surpass $100 a barrel, as renewed fighting between the United States and Iran in the Middle East threatens global energy supplies. The attacks in the Red Sea also add to the disruption in the Strait of Hormuz, putting two key oil shipping routes
Oil prices rose on Monday after the latest escalation in the conflict between the United States and Iran deepened the breakdown of a fragile ceasefire, reviving fears of disruptions to Middle East oil supplies. The United States resumed attacks on Iran earlier this month after an interim agreement collapsed as negotiations toward a broader deal
Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week. Loading audio narration… WTI crude gained as much as 14%, while Brent climbed 8% at intraday highs. Both are trading around $110 per barrel. In stocks, all