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White House says deal to take control of Venezuelan oil will rely on North American Blue Energy Partners

The Trump administration’s plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the agreement. Under the deal, the Venezuelan government granted 100-year concessions to NABEP to drill in…

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strait of hormuz iran war

Iran war hits 6-month mark with no end in sight

The head of the U.S. military’s Central Command, Adm. Brad Cooper, has echoed President Trump’s insistence that the Strait of Hormuz shipping lanes are clear of sea mines, saying they are “open, and momentum is building.”  He acknowledged, however, that vessels still seek direct U.S. military protection to use the vital waterway, which Iran has…

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