Inside Trump’s Hardball Strategy to Control Global Oil Prices
Tuesday, 29 April 2025 () No previous U.S. government nor its now second-term President Donald Trump are known for their forgiving natures of supposed past betrayals. This is particularly true when the transgressor has been an entity on which both have been forced to rely for any length of time. Saudi Arabia as one of the world’s leading oil suppliers and the de facto leader of oil cartel OPEC for decades has been regarded with deep distrust by Washington since it catalysed the 1973/74 Oil Crisis at a time when the U.S. and its allies were still dependent on it for…
President Trump is under pressure from U.S. automakers to walk back planned tariffs on car parts imported from China. While some exemptions may be granted, key 25% tariffs on foreign-made cars and..
At least 58 people are dead and more than 120 injured after a U.S. airstrike hit Yemen’s Ras Isa oil terminal. A second strike killed first responders attempting to rescue survivors, prompting Yemen..
Amid intensifying trade tensions with the U.S., China has cut its crude oil imports from Washington by 90%, turning instead to Canada as a key supplier. Bloomberg reports record shipments from Canada's..