WASHINGTON — The United States has threatened to sanction any individual or company helping Russia build a controversial natural gas pipeline to Germany as the Kremlin moves to complete the last kilometers of the nearly $11 billion project.
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U.S. prosecutors have filed a lawsuit to seize the gasoline aboard four tankers that Iran is currently shipping to Venezuela, the latest attempt to increase pressure on the two sanctioned anti-American allies.
The civil-forfeiture complaint fi…
The global economy has taken yet another unprecedented hit after coronavirus lockdowns around the world triggered a historic plunge in U.S. crude oil prices on April 20.
Stock markets across the world were reeling in volatility after some trad…
WASHINGTON — U.S. President Donald Trump said he would “absolutely” impose tariffs on oil imports if Russia and Saudi Arabia cannot reach an agreement to cut crude oil production.
“If they don’t get along, I would do that. Very substantia…
Joseph V. Micallef is a best-selling military history and world affairs author, and keynote speaker. Follow him on Twitter @JosephVMicallef.
Of all the world’s com…
On 18 March, U.S. crude oil prices fell to their lowest level in 18 years. The following day, momentarily distracted from their hype of the coronavirus pandemic, pundits and analysts reminded us again that low oil prices are the result of Saudi Arab…
For years now, Russia has been laser-focused on insulating itself from an external economic shock.
It may have just sparked one.
A pirate attack on an Italian ship in the Gulf of Mexico that left two sailors wounded isn’t the first such incident, and with Mexico struggling to address rising insecurity, it’s not likely to be the last.
About eight armed pirates arrived …
There’s a single waterway in the world that pops up in the news every year or so and, right now, is popping up every week or more: The Strait of Hormuz. When I was deployed with Army Central, we received a brief from senior leaders that was all abo…
China’s rapidly growing fleet of electric buses could be the biggest existential threat to oil demand in the future as more and more vehicles shun fossil fuels.
A new
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