Chevron is in talks with Iraq to take over the West Qurna 2 oilfield from Lukoil. This field is huge, making up about 0. 5% of the world's oil supply and nearly 10% of Iraq's output. The U. S. put sanctions on Lukoil because of Russia's actions in Ukraine. These sanctions made it hard for Lukoil to
The US has taken a stand against Iran's hidden oil ships. They've put sanctions on nine ships and eight companies. These ships and companies are based in India, Oman, and the UAE. They've been moving Iranian oil worth millions of dollars to other countries. The US Treasury says these ships help Ira
Alexander Lukashenko, the president of Belarus, has taken a significant step onto the global stage. He recently joined the U. S. President's Board of Peace. This move comes after years of being sidelined by Western nations due to his human rights record and support for Russia's actions in Ukraine.
India's MRPL, a government-owned oil refinery, is looking for new oil suppliers. They have a big refinery in Karnataka that processes 500, 000 barrels of oil every day. About 40% of the fuel they make is sent to other countries. MRPL is not buying oil from Russia right now. They say they follow all
German businesses are not happy. They're upset about U. S. President Donald Trump's plan to use tariffs to pressure Denmark into selling Greenland. This move could make the trade war between the U. S. and Europe even worse. Trump wants to increase tariffs on European goods until Denmark agrees to s
The United States has just rolled out new sanctions. This time, they're aiming at groups and people who help the Houthis in Yemen. The Houthis are a group backed by Iran. The sanctions target 21 individuals, companies, and even a ship. These targets are spread across Yemen, Oman, and the United Arab
The United States has taken control of yet another tanker in the Caribbean Sea. This time, it's the Motor Tanker Veronica. The event took place early in the morning, with no major issues reported. The ship is part of a group that has been avoiding U. S. sanctions in the area. It had previously trave
Iran has started taking cryptocurrency for its weapons sales. This is part of their plan to avoid international sanctions. The country's defense export center, Mindex, now says it accepts crypto payments. They sell all sorts of military gear, from rockets to communication tools. Iran has been selli
Venezuela, a country rich in oil, is facing a severe crisis. The situation is dire, especially for children. In 2019, a young girl named Alaska, just 5 years old, weighed only 26 pounds. She was turned away from four hospitals because there were no beds available. Another mother lost her 8-month-old
Venezuela is in a tough spot. The country owes a lot of money to many different people. The debt problem started a while back, but it got worse when the government couldn't pay back what it borrowed. Now, the debt has grown because of unpaid interest and legal fights. The numbers are huge. Venezuel
