00:46
U.S.-Venezuela

U.S. seizes sanctioned oil tanker off coast of Venezuela

The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday (10 December), a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas.

15:08

Kremlin warns US sanctions could destabilize global oil markets

The Kremlin has warned that the latest US sanctions on Russia’s energy sector could destabilize global markets, with Moscow pledging to take measures to minimize the impact. The sanctions, aimed at cutting Russia’s war funding, target major oil producers and vessels involved in shipping Russian oil.

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