Russian Tanker Idles Near Venezuela After US Warship Enters Path

Airlines have canceled all flights to Venezuela amid escalating U.S. threats and military buildup near the Caribbean coast, as indicated by a warning from the Federal Aviation Administration (FAA) regarding potential hazards. This decision reflects growing concerns over safety and geopolitical tensions in the region.

Several international airlines have canceled their flights to Venezuela following a warning from the U.S. regarding potential hazards, reflecting escalating tensions in the region. The Federal Aviation Administration (FAA) has indicated that military buildups near the Caribbean coast could pose risks to aviation safety.

U.S. sanctions targeting Russia's largest oil producers, Lukoil and Rosneft, have begun to impact Moscow's ability to sell crude oil, which is vital for its economy. These sanctions are part of broader efforts to weaken Russia's financial capacity amid ongoing geopolitical tensions.

U.S. sanctions targeting Russia's largest oil producers, Lukoil and Rosneft, have begun to impact Moscow's ability to sell crude oil, which is vital for its economy. These sanctions are part of broader efforts to weaken Russia's financial capacity amid ongoing geopolitical tensions.

The U.S. plan to create joint investment funds involving Russian frozen assets has raised concerns in Brussels, casting doubt on the European Union's financial support for Ukraine. This unexpected move by the Trump administration has blindsided EU officials, who are now reassessing their strategies regarding aid to Ukraine amidst ongoing geopolitical tensions.

Oil prices declined as traders evaluated the potential for a peace deal between Ukraine and Russia, which could increase supply in an already saturated market. Reports indicated that the U.S. threatened to withdraw support for Kyiv unless an agreement favorable to Moscow is reached.

Russia has secured a 15-year extension for its joint venture in Venezuela's oilfields, reinforcing its presence in the region's energy sector. This agreement is part of ongoing efforts to enhance bilateral cooperation between the two nations, particularly in the oil industry, which is crucial for Venezuela's economy.

Reliance Industries Ltd. has announced it will cease processing Russian oil at part of its Jamnagar oil refinery. This decision comes in response to US sanctions that have pressured the company to distance itself from dealings with Moscow.