Category
global oil trade

Trump Claims Strait of Hormuz as 'New US Territory', Declares Channel Closed

US President Donald Trump posted an image labelling the Strait of Hormuz as "NEW US Territory", maintaining that the key global oil passage remains closed.
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US Accuses China of Funding Iran Amid Hormuz Crisis

US accuses China of funding Iran through oil imports amid Strait of Hormuz tensions, urges support to reopen key shipping route.
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US May Allow India to Import Venezuelan Oil Under Supervision: Report

The United States may permit India to resume importing crude oil from Venezuela under specific conditions and close US supervision, according to media reports citing a senior official from the Trump administration. If approved, the move would mark a significant shift in Washington’s sanctions policy and could reopen a key energy supply route for India that was blocked due to US restrictions.
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