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President Donald Trump on Thursday said the United States has “total control” of the Strait of Hormuz through its naval blockade and vowed that Washington would recover Iran’s stockpile of highly enriched uranium, warning Tehran against pursuing a nuclear weapon.Speaking at the White House, Trump said, “We have total control of Strait of Hormuz with…
With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier…
The United States has consumed large quantities of advanced missiles and interceptors during its military campaign against Iran, triggering internal concern that a prolonged drawdown could complicate Washington’s ability to respond quickly to a future crisis involving China and Taiwan, according to multiple US officials and new strategic assessments.The issue has emerged as one of…
The United States military has reportedly drawn up an extraordinary wartime contingency plan at the request of Donald Trump which involves a high-risk operation to seize Iran’s stockpile of highly enriched uranium. The move could mark one of the most ambitious and unprecedented military missions in modern history, according to a Washington Post report, which…
US President Donald Trump on Wednesday (local time) said that the United States would tap its strategic oil reserves to help reduce fuel prices as global energy markets reel from the escalating Middle East conflict.“We’ll do that, and then we’ll fill it up,” Trump said about releasing crude from the US strategic reserve. “Right now,…
The United States and Israel are discussing the possibility of deploying special forces inside Iran to secure the country’s stockpile of highly enriched uranium as the conflict with Tehran deepens, according to sources familiar with the matter cited by Axios.Speaking to reporters aboard Air Force One, US president Donald Trump did not rule out the…
The United States is preparing to launch a $12 billion critical minerals stockpile initiative aimed at reducing dependence on China for rare earths and other strategic resources, according to a White House official, as Washington intensifies efforts to secure supply chains for key industries, AFP reported.The project is expected to combine about $1.7 billion in…
File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
Rare earth elements comprise a collection of 17 elements with comparable chemical characteristics. (AI image) India is looking to launch its programme for building a rare earth stockpile that will ease supply chain issues for the industry. This action comes in response to China’s restrictions on rare earth magnet exports, an essential component for electric…
