NEWS

U.S. Central Command (CENTCOM) said U.S. forces struck and disabled three Iranian crude oil tankers on Sept. 5 after Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles toward two U.S. Navy warships in regional waters. The U.S. military said the attacks caused no American casualties and described the tanker strikes as retaliation aimed at imposing [Read more]

The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key partner in an unusual [Read more]

With the war in the Middle East still raising energy costs, Americans face record-high gasoline prices for Labor Day weekend, just as political campaigns kick off for midterm Congressional elections. The national average gasoline price will probably hit $4.03 on Labor Day, far surpassing the previous record of $3.83 per gallon set in 2012, said [Read more]

The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington’s stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the Pentagon structured the stake using “penny warrants” in [Read more]

OTTAWA – The federal Conservatives have launched a campaign to engage their supporters and encourage them to vote to stay in Canada in the upcoming Alberta referendum. Albertans are set to vote on Oct. 19 on whether they want to remain a province or begin the legal process to hold a binding referendum on leaving [Read more]