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US eases Venezuela oil sanctions amid Iran war; Trump administration moves to boost global supply

The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…

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Pakistan, Venezuela & now Iran: How China has become laughingstock of the global stage

China’s image as a rising military technology powerhouse has come under renewed scrutiny after a series of conflicts exposed what analysts say are serious shortcomings in Chinese-supplied defence systems.Air defence equipment promoted by Beijing as advanced and reliable has faced questions after failing to prevent major military operations in Pakistan, Venezuela and most recently Iran….

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‘We want to finish this one first’: After Iran and Venezuela, Trump hints Cuba could be next

President Donald Trump made the remarks at an event to honour the 2025 MLS champions Inter Miami. (AP photo) US President Donald Trump on Thursday suggested that the United States could turn its attention to Cuba after the war against Iran.Speaking at a reception at the White House, Trump said his administration wanted to “fix”…

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Venezuela to supply up to 1,000 kg of gold to US; sources say deal more beneficial for Caracas

Venezuela’s acting President Delcy Rodriguez, right, and US Interior Secretary Doug Burgum after a meeting at Miraflores presidential palace in Caracas, Venezuela (AP) Venezuela’s state-owned mining company has signed a multimillion-dollar agreement to sell up to 1,000 kilograms of gold destined for US markets.The agreement requires state-owned company Minerven to supply between 650 and 1,000…

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Pakistan, Venezuela & now Iran: Why Chinese-made weapons keep failing

Recent conflicts have exposed troubling vulnerabilities in Chinese weaponry. Pakistan’s air defenses buckled against Indian missiles, Venezuela’s radars went dark during a US raid, and Iran’s systems faltered under airstrikes—patterns that point to shoddy engineering and weak software. Taken together, these incidents suggest systemic quality-control problems that erode buyer confidence and fuel a credibility crisis…

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How Venezuela is chartering very large crude carriers – with focus on boosting oil exports to India

Before US sanctions were imposed in 2019, India was the third-largest importer of Venezuelan crude. (AI image) Venezuelan crude oil flows to India again: Trading firms and purchasers of Venezuelan crude have started hiring very large crude carriers to move oil from the South American country for the first time since a supply arrangement between…

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‘How did that go for them?’ Trump taunts Russian, Chinese defences in Venezuela

The United States overpowered Russian and Chinese military tech presence in Venezuela and successfully ousted and captured the sitting president from a fortified complex in Caracas, President Donald Trump claimed, as he flaunted American military strength and taunted rival power centers in Moscow and Beijing.Trump mocked the Russian and Chinese military technology used by Venezuela,…

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‘Drill, baby, drill’: Donald Trump hails US oil boost, calls Venezuela ‘new friend and partner’

US President Donald Trump on Tuesday (local time) reiterated his “drill, baby, drill” push for the country, as he highlighted rising energy outputs. Addressing the 2026 State of the Union, he went on to describe Venezuela as America’s new “friend and partner.” Trump said, “American natural gas production is at an all-time high because I…

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‘India diversifying oil sourcing’: US envoy Sergio Gor notes Russia shift – what he said on Venezuela option

NEW DELHI: The United States has reiterated its claim, projecting India’s commitment regarding oil purchases from its long-time trade partner Russia as part of the much-awaited trade deal finalised between New Delhi and Washington recently. US envoy Sergio Gor on Friday expressed confidence, saying the US had “seen India diversify the sourcing of oil.” He…

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Venezuela Amnesty Bill: Venezuela passes landmark amnesty bill — who benefits and who’s excluded?

Venezuela’s Interim President Delcy Rodríguez on Thursday signed into law a long-awaited amnesty bill, paving the way for the potential release of hundreds of political prisoners jailed in recent years.The legislation was unanimously approved by the Venezuelan parliament earlier in the day after several previously delayed sittings. Rodríguez enacted the bill at the Miraflores presidential…

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