US tells UN it will deprive Venezuela’s Maduro, drug cartel of resources

Gold prices have surged above $4,500 per ounce for the first time, driven by escalating geopolitical tensions, particularly between the U.S. and Venezuela, alongside rising concerns in Eastern Europe and frictions between China and Japan.

Gold prices have surged to a record high, surpassing $4,500 an ounce for the first time, driven by escalating geopolitical tensions in Venezuela and anticipations of further interest rate cuts by the US Federal Reserve.

Oil prices have risen as the market evaluates strong economic growth in the US alongside supply risks. This increase reflects a tightening supply situation, particularly as US crude oil inventories have dropped more than expected, indicating a bullish trend for prices.

A loaded supertanker has returned to Venezuelan waters amid ongoing U.S. interceptions of oil tankers in the region, as reported by TankerTrackers.com. This development follows a series of U.S. military actions, including the seizure of a tanker allegedly flying a false Guyana flag, which has heightened tensions between the U.S. and Venezuela.

US crude oil inventories have surged, exceeding expectations, indicating a significant increase in stock levels that reflects changing market dynamics. This surge comes amidst fluctuating economic indicators, including recent drops in job openings and initial jobless claims.

A 62-year-old retail chain is quietly closing stores across the US, reflecting the ongoing transformation in consumer shopping habits driven by the rapid rise of online shopping. This shift has led to a significant decline in foot traffic at traditional brick-and-mortar locations, prompting the chain to reassess its physical presence.

Venezuela has turned to floating storage solutions as its onshore storage tanks reach capacity, reflecting ongoing challenges in its oil sector amid geopolitical tensions and U.S. interventions. This shift highlights the country's struggle to manage its oil exports effectively.

Crude oil futures experienced a slight decline as the U.S. intensified its actions against Venezuela, particularly focusing on cutting off the country's oil trade and increasing pressure on Nicolás Maduro's regime. This comes amid ongoing geopolitical tensions involving Russia and Ukraine, which continue to influence market dynamics.