Commodities
New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests
U.S. Treasury Secretary Scott Bessent announced an "economic D-Day" against Iran on May 19, promising to expand secondary sanctions and target five "vital lifelines":...
Commodities
The U.S. doesn’t have a state-owned oil giant. But in Venezuela, the federal government will control a company with the world’s 2nd largest reserves
The deal negotiated by the Trump administration involves 65 billion barrels of Venezuelan oil reserves, giving the U.S. federal government control of 55% of...
Commodities
Former White House teleprompter operator must turn over more than $100,000 in profits and pay a $65,000 fine in insider trading settlement
Gabriel Perez, a former White House teleprompter operator, has been ordered by the Commodity Futures Trading Commission to disgorge his full profits, exceeding $107,000,...
Commodities
Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves
President Donald Trump on Friday announced the United States has reached an agreement with Venezuela to take control of 65 billion barrels of the...
Commodities
The Strait of Hormuz crisis threatened Asia’s oil and gas lifeline. Here’s how the region is rewriting its energy playbook
The Strait of Hormuz crisis exposed Asia's dependence on Middle East energy imports, with over 80% of oil and gas shipments through the waterway...
Commodities
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The United States has struck a deal with Venezuela to gain majority control of more than 65 billion barrels of oil reserves amid the...
Commodities
DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, ‘we’d...
The Trump administration is reviving prize law, an ancient medieval maritime legal framework allowing military forces to seize enemy vessels, to more easily capture...
Commodities
Oil exports from the Gulf rise to more than 60% of level before Iran war, Goldman Sachs estimates
Goldman Sachs estimates that Gulf states are exporting between 15 and 16 million barrels of oil per day, representing more than 60% of pre-Iran...