US Vice President declines timeline for end of Iran war amid Strait of Hormuz tensions
United States Vice President JD Vance has declined to give a timeline for the end of the US-Israeli war on Iran, saying he could not say when the conflict would be over. He made the remarks at a White House briefing on Thursday, where he also questioned whether the confrontation should even be described as a war. His comments came after days of intense fire between the two sides and amid continuing concern over disruption to global energy markets.Vance said there was "no active shooting" at present, while acknowledging that there had been places where the conflict had flared up.... [Continue Reading]
360LiveNews | 03 Sep 2026 22:30 LONDON
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US and global energy firms expand Venezuela oil projects as Chris Wright oversees Caracas signing
US Energy Secretary Chris Wright oversaw the signing of a new package of oil and energy agreements in Caracas on Wednesday, adding fresh detail to the wider US-Venezuela arrangement announced days earlier. The deals involve Chevron, Italy's Eni and GE Vernova, and were presented at a ceremony in the Venezuelan capital alongside interim President Delcy Rodriguez. The agreements are separate from the broader oil arrangement that has already drawn scrutiny over the scale of US access to Venezuelan reserves.According to the supplied material, the new contracts are worth tens of billions of dollars and are aimed at expanding production, increasing... [Continue Reading]
360LiveNews | 03 Sep 2026 05:59 LONDON
Chevron to invest more than $7bn in Venezuela expansion and new Orinoco acreage
Chevron has said it will invest more than $7bn in its Venezuela joint ventures as it expands its operations in the country's Orinoco Belt. The company said the plan will allow it to double production to about 600,000 barrels per day over the next five years. It also said it has been assigned additional acreage and will extend its Petroindependencia joint venture into two adjacent areas in the Carabobo region.The announcement was made on Wednesday and comes as the company says it remains the only US oil firm with a major presence in Venezuela. Chevron chief executive Mike Wirth said... [Continue Reading]
360LiveNews | 02 Sep 2026 18:30 LONDON
Canada and US trade tensions escalate as Carney warns Washington to take talks seriously
Canadian Prime Minister Mark Carney has said trade talks with the United States can only move forward if Washington takes the dispute more seriously. Speaking in Ottawa, he said US officials should stop what he described as mocking and dismissive behaviour and focus on substantive negotiations. His comments came as the two countries remain locked in a tariff dispute that has widened into a broader political confrontation.The latest escalation followed the collapse of negotiations on 22 August, when the United States imposed 50% tariffs on roughly $20bn worth of Canadian goods. Canada has said it will respond with retaliatory tariffs... [Continue Reading]
360LiveNews | 01 Sep 2026 21:59 LONDON
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Maduro posts first photos from US detention after January abduction
Former Venezuelan President Nicolas Maduro has posted what appear to be his first photographs from a United States detention centre, where he says he has been held since his January abduction. The images were published on Sunday and show him wearing a grey tracksuit and making peace signs with both hands. The posts came two days after a US-Venezuela oil agreement was announced, adding a new political dimension to an already sensitive case.According to the supporting material, Maduro and his wife, Cilia Flores, were abducted by US special forces from Caracas and flown to the United States. They are being... [Continue Reading]
360LiveNews | 31 Aug 2026 04:03 LONDON
Trump says US will begin refilling Strategic Petroleum Reserve with Venezuelan oil
President Donald Trump has said the United States will begin refilling the Strategic Petroleum Reserve shortly using oil linked to a newly announced deal with Venezuela. In a post on social media, he said the process would begin "very shortly" and described the Venezuelan oil as a "gift" to the American people. The statement comes as the reserve has been drawn down sharply in recent years and was reported to be near a 44-year low.Trump said the reserve had been made "virtually" empty, blaming former President Joe Biden for the decline. The reserve is the country's emergency crude stockpile and... [Continue Reading]
360LiveNews | 30 Aug 2026 17:29 LONDON
The Great Uncoupling: Abu Dhabi’s Sovereign Gambit
The UAE’s decision to cut ties with OPEC is far more than a mere adjustment of energy policy, for it functions as a political telegram written in barrels and sent directly to the heart of the global order. For nearly six decades, Abu Dhabi operated within the rigid architecture of producer discipline, where it accepted the rituals of quotas, the formality of communiqués, and the heavy burden of collective restraint. It played the long game of oil diplomacy with a patient hand, balancing its own massive national ambitions against the gravity of cartel discipline and the delicate logic of Gulf... [Continue Reading]
360LiveNews-Opinion | 30 Apr 2026 09:50 LONDON
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
360LiveNews-Opinion | 18 Feb 2026 17:11 LONDON
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