OPEC+ is weighing yet another delay to its plan to unwind voluntary production cuts and resume monthly supply hikes from April, despite President Donald Trump’s calls for the group to lower prices, Bloomberg reported citing unnamed delegates. If it decides to push back the move, it’d be the fourth time that the Saudi Arabia-led oil producing …
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Treasury Secretary Scott Bessent said the US aims to squeeze Iran’s oil exports to less than 10 percent of current levels as President Donald Trump renews a campaign of “maximum pressure” on Tehran’s nuclear program. “We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports” shipped during Trump’s first …
Continue reading “US Aims to Cut Iranian Oil Flows by Over 90 Pct”
U.S. sanctions on Russia’s oil and shipping sectors havereduced Russian crude exports. Higher oil prices caused by sanctions paradoxically increased Russia’s oil and fuel revenues by $900 million In January this year, the outgoing Biden administration slapped its last round of sanctions on Russia. They targeted specifically the shipping industry and the oil industry—and helped …
Continue reading “Russian Oil Output May Dip Further on Sanctions”
United States Secretary of State Marco Rubio sharply criticized Iran during a press briefing, calling it the “single greatest source of instability” in the Middle East. Rubio emphasized that Iran’s support for militant groups such as Hamas and Hezbollah destabilizes the region, particularly in Syria and the West Bank. He further warned of the dangers …
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High-ranking officials from the United States and Russia will meet in Saudi Arabia next week and discuss, among other topics, a future encounter between their respective presidents, Donald Trump and Vladimir Putin, it was reported on Saturday. According to Bloomberg, the US delegation will be led by Special Envoy to the Middle East Steven Witkoff …
United States President Donald Trump signed an executive order on Friday establishing a national Energy Dominance Council to boost US fossil fuel production. The plan to create the council was first mentioned last November, saying it would be responsible for coordinating energy policy and regulation across the federal government. In addition, Trump signed a Commonwealth …
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European Union High Representative for Foreign Affairs and Security Policy Kaja Kallas stated at the Munich Security Conference 2025 on Friday that Russian President Vladimir Putin does not truly seek peace in Ukraine. When asked why she believes the leader will not adhere to the ceasefire deal if such was reached, Kallas pointed to the drone …
Continue reading “Chernobyl attack shows Putin does not want peace”
The Trump administration has announced plans to significantly reduce Iran’s oil exports to just 100,000 barrels per day through a renewed “maximum pressure” campaign. This aggressive move aims to cripple Iran’s economy by severely limiting its oil revenues. However, Iran has a history of successfully circumventing sanctions, raising questions about the effectiveness of this latest …
Israel Foreign Minister Gideon Saar emphasized on Friday at the Munich Security Conference that preventing Iran from acquiring nuclear weapons remains Israel’s top priority. During his presentation, he warned that an Iranian nuclear capability would endanger not only Israel but also Europe and the broader Middle East. While he acknowledged that diplomacy could be a …
Continue reading “Israeli FM: Preventing Iran’s nuclear bomb is key”
KYIV, Feb 14 (Reuters) – A Russian drone attack caused significant damage to the NEW radiation shelter of the Chornobyl nuclear power plant overnight, Ukrainian President Volodymyr Zelenskiy said on Friday. Chornobyl was the site of the world’s worst civil nuclear catastrophe when one of its four reactors exploded in 1986. That reactor is now …