Iran on ‘high alert’ amid fears of attack on nuclear sites Officials say measures are in response to growing concerns of potential joint military action by Israel and US Amid growing concerns over a potential attack, Iran has significantly reinforced security around its nuclear facilities, deploying additional air defence systems to key sites. The move …
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President Donald Trump has announced that 25% tariffs on Canada and Mexico exports to the United States will go into effect on March 4, adding that he will impose an additional 10% tax on Chinese imports in what could be the beginning of trade wars between the U.S. and its biggest trading partners. Trump paused …
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Crude oil inventories in the United States saw a decrease of 2.3 million barrels during the week ending February 21, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were mixed prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute …
US President Donald Trump took to Truth Social on Wednesday to announce he will be reversing oil concessions granted to Venezuela’s Nicolas Maduro’s government during the previous administration citing failure to return “criminals” from the US.”We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolas Maduro, of Venezuela, on the oil transaction …
Ukraine and the U.S. have reached an agreement on a framework for a broad economic deal that would include access to Ukraine’s rare earth minerals, three senior Ukrainian officials said Tuesday. The officials, who were familiar with the matter, spoke on condition of anonymity because they were not authorized to speak publicly. One of them said …
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Weekly Petroleum Data for the week ending February 21, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.3 million barrels from the previous week. At 430.2 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. U.S. crude oil …
Ukrainian President Volodymyr Zelensky stated on Wednesday that no just peace between Russia and Ukraine can be achieved without security guarantees for Kiev. “We want to have a ceasefire, but if we don’t have security nothing will work,” Zelensky said at a press conference. Furthermore, the president stressed that a mineral deal with the United …
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The International Atomic Energy Agency (IAEA) said in a report on Wednesday that Iran has increased the production of 60% enriched uranium since November. The output rose by 92.5 kg to 274.8 kg, according to the document reviewed by the Associated Press. Uranium enriched to 60% can be further enriched to 90%, with the IAEA …
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Iran’s Foreign Minister Abbas Araghchi said his country won’t agree to direct nuclear talks with the US while President Donald Trump persists with his hard-line policy against the Islamic Republic. “We will not negotiate under pressure, sanctions, or threats,” Araghchi said in a televised press conference alongside his Russian counterpart Sergei Lavrov in Tehran …
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Oil prices were under pressure early on Tuesday morning despite the Trump administration announcing fresh sanctions on Iran’s oil industry on Monday. President Trump’s recent push for a deal between Russia and Ukraine, his foot-dragging over Canadian and Mexican tariffs, and expectations of OPEC+ supply increases from April onwards have seen interest in crude oil …
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