President Donald Trump confirmed the United States has made more than $13 billion selling Venezuela’s oil, enough, he boasted, to pay for the military operation that removed Nicolás Maduro “many times over” and help “run the country.”That claim…
President Trump may have just shared a warning… Trump shared an AI-generated image on TRUTH Social showing American warplanes pounding an oil facility beneath the words “STRIKE ON KHARG,” directing fresh attention toward Iran’s most important…
The United States has drained nearly 96 million barrels from the Strategic Petroleum Reserve (SPR) since mid-March.The Trump administration began releasing oil after its war on Iran predictably choked shipments through the Strait of Hormuz and…
U.S. crude oil production climbed to a new all-time high in April, reaching 13.93 million barrels per day, according to monthly data released Tuesday by the Energy Information Administration, as American producers ramped up output amid elevated…
Oil prices tumbled below a key psychological threshold Friday as traders largely shrugged off Iran’s latest attack in the Strait of Hormuz, betting the strategic waterway will remain open despite renewed tensions. West Texas Intermediate crude…
The unconstitutional war that President Trump has waged against Iran on behalf of Israel has drained the Strategic Petroleum Reserve (SPR) to its lowest level since the 1980s.The SPR now holds only a little more than 330 million barrels of crude…
President Trump said Wednesday that he has directed the Department of Justice to investigate oil companies for failing to lower gasoline prices fast enough despite a sharp decline in crude oil costs, accusing the industry of “gouging” American…
The United States and Iran have agreed to four major points to permit peace negotiations to continue for the next 60 days, including Iran’s allowing inspectors to monitor the nation’s nuclear development.And today, Treasury Secretary Scott…
The Trump Administration on Tuesday publicly outlined the contents of its newly signed memorandum of understanding with Iran, revealing plans for immediate waivers on Iranian oil exports, a framework for at least $300 billion in reconstruction…
Crude oil prices plunged Monday after President Donald Trump announced that the United States and Iran had reached an agreement to reopen the Strait of Hormuz, easing fears over a prolonged global energy crisis. Brent crude fell 4.8% to $83.17…
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