US will manage Venezuelan oil sales for the foreseeable future, says energy secretary
U.S. Restricts Venezuelan Oil Sales Indefinitely On Wednesday, the Trump administration announced it would impose indefinite restrictions on oil sales from Venezuela following the arrest of former leader Nicolas Maduro. Energy Secretary Chris Wright championed this shift, stating the U.S. would start managing the marketing and selling of Venezuelan crude oil just one day after […]
Lutnick: ‘We anticipate that a 10 percent standard tariff will remain for the foreseeable future’
Commerce Secretary Howard Lutnick stated on Sunday that the U.S. anticipates “10% baseline tariffs to be in place for the foreseeable future” for various countries amid ongoing trade tensions. “We expect a 10% baseline tariff to remain in effect,” Lutnick mentioned during an interview with CNN’s Dana Bash on “State of the Union.” He added, […]
Shipping Giant to Avoid Red Sea for ‘Foreseeable Future’
Shipping giant Maersk said on Friday it would no longer use the Red Sea and Suez Canal “for the time being” and would divert all ships around Africa following attacks on commercial ships by Yemeni rebels. Danish companies cited a highly volatile situation and noted that security risks remain high. “We have therefore decided that […]