In the vast Caribbean Sea, a fleet of at least 34 oil tankers, previously flagged by the U. S. , are currently navigating waters. These tankers have a history of transporting Venezuelan oil, with 12 of them seemingly filled with crude from the South American nation, according to trade intelligence f
A big fight is happening over a huge pile of money. The UK government wants to help Ukraine, but a Russian billionaire has other ideas. Roman Abramovich, the guy who used to own Chelsea Football Club, promised to give £2. 5 billion to victims of the war in Ukraine. But now, the money is stuck in a b
The European Union is inching closer to a decision on how to use frozen Russian assets to support Ukraine. However, some major hurdles remain, and a final agreement might not be reached until Thursday's EU summit. Most of the frozen Russian assets, around 210 billion euros, are currently held in th
Russia is in a tight spot. They want their $230 billion back. This money is stuck with Euroclear. Why? Because the EU froze it after Russia's invasion of Ukraine. Now, the EU wants to use some of this money to help Ukraine. They say it's fair because Russia still owns it, but they can't touch it. R
Belarus has taken a significant step by freeing 123 individuals, including notable opposition figures Maria Kolesnikova and Nobel Peace Prize laureate Ales Bialiatski. This move comes after discussions in Minsk with the US special envoy, John Coale, representing President Donald Trump. The US has re
The European Union has made a significant move to freeze Russian assets worth €210 billion indefinitely. This decision comes after months of debate and legal maneuvering. The EU used a little-known treaty clause to bypass the usual unanimity requirement, which had become a sticking point due to Hung
A Venezuelan oil tanker, the M/T Skipper, was seized by the U. S. government just as a court warrant was about to expire. The warrant, signed by a U. S. judge on November 26, gave the Trump administration until December 10, 2025, to seize the vessel. This is the first time a Venezuelan oil cargo has
Intel has been experimenting with chipmaking tools from ACM Research, a company with strong ties to China and some units under U. S. sanctions. These tools, known as wet etch tools, are being considered for Intel's cutting-edge 14A chipmaking process, set to launch in 2027. ACM Research, based in C
The U. S. has taken control of a Venezuelan oil tanker, and they plan to keep the oil. This move is part of a bigger plan to stop illegal oil and drug trafficking. The tanker, called "The Skipper, " was seized because it was used to transport oil illegally. The U. S. says this action is not about st
Iran is in a tough spot. It's not doing anything groundbreaking, but it's managing to stay afloat. How? By using three main strategies: sneaky money moves, secret oil deals, and backing groups in other countries. China and Russia are big players in Iran's survival game. China buys Iran's oil, even
