Trump says U.S. now has control of over 60 billion barrels of Venezuelan oil reserves
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
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President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
As U.S. economic pressure bites, Iran touts a plan with Oman to get ships moving through the Strait of Hormuz and suggests the next move is Trump's.
Iran's economy minister said the country has been preparing for a long time for the sanctions U.S. Treasury Secretary Scott Bessent described as the "greatest financial offensive" ever.
Iran has shrugged off President Trump's threat to hit the Islamic Republic with an "economic D-Day" as a "doubling down on failed policies."
President Trump said Wednesday the U.S. might return to negotiations with Iran eventually, but he said currently "the situation is so good."
The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz expired, with no agreement in sight.
Meanwhile, Israel is being condemned by Lebanese leaders for strikes in the south that killed at least 11 people, including children.
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
The U.S. and Iran are close to agreeing on "some sort of arrangement," Pakistan's defense minister told Bloomberg on Tuesday.
The United Arab Emirates' Abu Dhabi National Oil Company said one of its ships was targeted while transiting the strait.
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
President Trump said negotiations with Iran are set to begin Monday after announcing Saturday night that he canceled a pending attack on Iran.
A vote in the Senate to limit President Trump's war powers has narrowly failed again. Three Republicans voted in favor of it.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Talks between Oman and Iran on reopening the Strait of Hormuz and their respective territorial waterways have made progress, two sources told CBS News.
The national average for a gallon of gas reached $4.003 on Monday, the first time in over a month it has crossed that threshold, AAA data shows.
As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
The U.S. is "going to win one way or the other," President Trump said Monday, as Iran held a colossal public funeral for its slain supreme leader.
Vice President JD Vance said Monday that Iran would allow nuclear inspectors back into the country, describing the first day of U.S.-Iran negotiations in Switzerland as "Very, very good."
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
The Iranians' latest move in the war came in response to what it considers U.S. and Israeli ceasefire violations.
President Trump's changes included somewhat significant changes, according to a source with knowledge of the negotiations.
