Venezuela’s oil shipments have plunged following the United States’ seizure of a tanker earlier this week.
The drop comes as new U.S. sanctions target shipping companies and vessels trading with the Latin American nation, according to maritime sources, shipping data and official documents.
Since the seizure on Wednesday, only tankers chartered by U.S. oil major Chevron have been able to leave Venezuelan waters carrying crude, the data showed. Chevron operates under U.S. government authorisation through joint ventures, allowing it to continue exports to the United States.
Around 11 million barrels of oil and fuel remain stranded on other tankers in Venezuelan ports, according to the sources and data. Several of these vessels are already sanctioned under U.S. measures targeting shipments linked to Iran or Russia and could face additional penalties, officials said.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks...
China has officially opened the Pinglu Canal, a $10.75 billion waterway giving the country's landlocked southwest a shorter, direct route to th...
Uzbek President Shavkat Mirziyoyev held high-level talks in Seoul aimed at expanding South Korean investment, industrial cooperation and partnershi...
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
China has officially opened the Pinglu Canal, a $10.75 billion waterway giving the country's landlocked southwest a shorter, direct route to the sea and Southeast Asian markets.
Pakistan has condemned Houthi attacks on Saudi Arabia at the United Nations, warning that escalating fighting in Yemen and increased activity around the Bab al-Mandab Strait threaten regional stability, global shipping and energy security.
Former Kosovo President Hashim Thaçi has been sentenced to 25 years in prison after being found guilty of war crimes, including murder, torture, cruel treatment and arbitrary detention.
Wednesday's session of the 24th Arab Media Summit in Dubai has shifted the discussion towards a central question for modern media: how can regional news organisations tell their own stories while reaching audiences far beyond their borders?
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
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