Venezuela accuses Trinidad and Tobago of taking part in US seizure of oil tanker

Ford has announced a significant reduction in its electric vehicle plans, incurring a $19.5 billion loss, primarily due to weak demand and regulatory changes under former President Donald Trump. This decision reflects a strategic retreat from large electric vehicles as the company reassesses its market position.

Oil prices have declined as the market adjusts to a more favorable supply outlook, which has outweighed disruptions in Venezuelan oil flows. The recent seizure of a sanctioned oil tanker by the U.S. near Venezuela has added to the volatility, yet traders remain focused on the broader supply dynamics.

Venezuela's state oil company PDVSA has recently suffered a cyberattack, leading to significant disruptions in operations and causing tankers to make abrupt U-turns amid rising tensions with the United States.

The United States has paused its £31 billion tech prosperity deal with Britain, citing insufficient progress on resolving trade barriers. This decision represents a significant setback in US-UK relations, particularly as the deal was initially celebrated as a transformative step in bilateral cooperation during Donald Trump's presidency.

Chevron has lowered the price of Venezuelan crude following the U.S. seizure of an oil tanker off the coast of Venezuela, a move that has heightened tensions between the two nations. This seizure reflects ongoing U.S. military operations aimed at curbing Venezuela's oil exports and has led to fluctuations in oil prices.

Ample oil supply is currently shielding China from the disruptions in Venezuelan oil flows, which have been exacerbated by geopolitical tensions and U.S. interventions. Recent events, including the U.S. seizure of a sanctioned tanker, have raised concerns about the stability of Venezuelan oil exports, impacting global oil prices and market dynamics.

Rivian is intensifying its efforts to compete with Tesla amid shifting political landscapes affecting the electric vehicle (EV) market. The Biden administration's previous support for EVs contrasts sharply with the Trump administration's rollback of incentives, including the elimination of the $7,500 tax credit, which has historically aided EV sales.

Celebrities, including athletes like Tristan Thompson and artists such as Iggy Azalea, are increasingly promoting cryptocurrency as they pivot from traditional careers. Thompson, nearing the end of his basketball career, has embraced a new role as a crypto investor and consultant, launching a podcast and developing a crypto startup set to debut in 2026.