Oil

Texas-based ExxonMobil on Monday signed a memorandum of understanding with Venezuela that could lead to a potential return of the oil company to the country almost two decades after it had its assets stolen by the ruling socialist regime.

Data released by maritime tracking agency Kpler on Wednesday showed that oil exports have reached, and even surpassed, pre-war levels despite resurgent terror attacks by Iran on commercial vessels in the Strait of Hormuz.

Secretary of State Marco Rubio arrived in India on Tuesday to meet with Foreign Minister S. Jaishankar and top business leaders, including the two richest men in Asia, Gautam Adani and Mukesh Ambani.

WASHINGTON — Secretary of State Marco Rubio sat down late last week with Breitbart News at the State Department in Washington for his first major exclusive long-form on-camera interview after delivering an address at the Acropolis in Athens, Greece.

China’s loss of Persian Gulf oil due to the Strait of Hormuz crisis turned out to be Brazil’s gain, as the trade volume between Brazil and China hit a record $142 billion by September 2026, fueled by soaring exports of Brazilian oil.

The Iran-backed Houthi insurgents of Yemen launched another wave of missiles at civilian airports and oil facilities in Saudi Arabia on Tuesday night, inflicting severe damage on the headquarters of Saudi Aramco, the national oil company.

Diesel prices are high right now, but they are not at record highs in inflation-adjusted dollars.

Ukraine says its long-range strikes have neutralized more than half of Russia’s oil refining capacity, hampering Moscow’s ability to supply its forces during its 4 1/2-year-old invasion.

On Tuesday’s broadcast of MS NOW’s “Morning Joe,” Sen. Mark Warner (D-VA) stated that he doesn’t see a way where “Iran is not going to extract some kind of toll coming from oil and natural gas that will come out of

A spokeswoman for the Iranian regime warned on Monday supply problems and wartime damage to Iran’s refineries could cause fuel supply problems in northern Iran during the winter. On Tuesday, the Islamic dictatorship’s currency fell to a record low of 2.5 million rials to the U.S. dollar.

Treasury Secretary Scott Bessent warned Sunday that Iran will have “nothing left to trade for anything” within roughly two weeks as its remaining oil reaches China, arguing that the Trump administration’s economic campaign has brought Tehran “to its knees” and is driving the regime to seek a deal.

On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Carlos Gimenez (R-FL) called for the United States to set a date for elections in Venezuela and touted July 24, 2027 as a date and argued that having elections will ensure

After Iran struck out with BRICS and China this week in its search for international support, China reportedly privately told the Iranians to rein in their proxies in Yemen, the Houthi insurgents, who have repeatedly attacked Saudi Arabia and sought to block Saudi shipping through the Bab el Mandeb Strait.

The U.S. State Department is telling American companies to tread carefully when doing business in Afghanistan.

The European Arctic Summit held its first working session in Finland on Monday, bringing leaders from across Europe together to discuss the possibilities offered by new Arctic shipping routes and natural resources, as well as the dangers posed by Russia’s heavy presence.

A planned conference with Iran and the Gulf Arab states over the future of the Strait of Hormuz was postponed by Saudi Arabia.

The Iran-backed Houthi insurgents of Yemen on Friday declared they have taken control of Perim, a small volcanic island in the Bab el-Mandeb Strait, a vital shipping chokepoint that connects the Red Sea to the Gulf of Aden. The capture came one day after the Houthis took control of the port city of Mokha with assistance from Iran.

Pakistan delivered a warning to Iran on Wednesday that if Tehran’s terrorist proxies in Yemen, the Houthis, continue attacking cities and oil facilities in Saudi Arabia, Pakistan may be obliged to intervene under its defense pact with the Saudis.

Oil prices jumped to their highest levels since May amid renewed fighting in the Persian Gulf and investor concerns that the war in Iran will persist longer than previously thought. Brent crude futures crossed above $107 a barrel and WTI

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Energy Secretary Chris Wright said that while more oil is coming out of the Strait of Hormuz, “We need a change in regime or a change in the policy of the Iranian

Oil prices surged on Wednesday as fighting between the U.S. and Iran intensified in the Persian Gulf, raising concerns that the supply of oil passing through the Strait of Hormuz could be reduced. Brent crude futures, the global benchmark for

Hostilities between the U.S. and Iran continued to escalate on Tuesday night, as the U.S. destroyed five Iranian oil tankers, and Iran retaliated by attacking numerous civilian vessels and launching missiles at U.S. forces in Jordan. The benchmark price of oil rose above $100 per barrel for the first time since July amid the escalation.

The Government of Argentina on Monday announced that it will file criminal charges against Israeli oil company Navitas Petroleum over its involvement in an offshore oil project at the Falkland Islands, a British territory that Argentina claims as its own.

The Iran-backed Houthi insurgents of Yemen launched drone and missile attacks against four cities in southern Saudi Arabia.

Iran said it will announce a new “restricted area” in the Persian Gulf that ships will only be allowed to pass through with permission from Tehran.

The foreign minister of Argentina affirmed Sunday that the government seeks to stop the exploitation of hydrocarbons at the Falkland Islands.

President of Argentina Javier Milei on Thursday threatened to impose sanctions on oil companies operating on or near the Falkland Islands, a British territory that Argentina insists has been rightfully Argentine for nearly two centuries.

Venezuelan Interior Minister and long-suspected drug lord Diosdado Cabello on Wednesday expressed his support of the new oil deal with the United States — marking a stark contrast to past anti-U.S. statements and demands that “not a drop” of oil be given to America.

On Wednesday’s broadcast of Newsmax TV’s “The Record,” Sen. John Fetterman (D-PA) discussed the Trump administration’s Venezuela oil deal and said that it is early, but “it’s smart, in order to have control over it, to make sure that we

U.S. Energy Secretary Chris Wright travelled to Caracas on Tuesday night to finalize the historic oil deal between the United States and Venezuela announced this weekend.

Oil giant Chevron is confirming that it is expanding its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits.

A group of Venezuelan socialists and communists over the weekend protested in Caracas against the oil agreement signed by Venezuela’s socialist regime and the United States.

President Donald Trump on Sunday posted a ten-second A.I.-generated video of Iran’s Kharg Island oil terminal being “blown to smithereens,” as he put it, shortly after the first U.S. airstrikes against Iran in a month. None of the actual strikes was confirmed to have targeted Kharg Island.

“Acting President” of Venezuela Delcy Rodríguez on Sunday thanked President Donald Trump and U.S. Secretary of State Marco Rubio for facilitating a new historic oil deal between the countries.

The U.S. has sealed a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves and America’s strategic national stocks are set to benefit, President Donald Trump announced Sunday.