92 articles
China's significant financial backing of Iran, estimated at $75 billion annually, is raising global concerns. This support, channeled through smaller banks to avoid U.S. sanctions, coincides with a temporary cease-fire in the vital Strait of Hormuz. The situation implicates U.S. investors indirectly funding Iran through their portfolios.
Recent U.S. actions and threats against Iran, including a confusing 24-hour deadline and strikes on key infrastructure, have raised questions about the effectiveness of current policy. The conflict is costing billions daily while domestic programs face cuts, leading many to question the strategic rationale behind the escalating tensions.
Cuban Ambassador to the UN Ernesto Soberron Guzman stated that 'surrender' is not in the Cuban dictionary amid U.S. pressure. He detailed severe humanitarian impacts from the U.S. oil blockade, including delayed surgeries and food shortages. Cuba remains open to dialogue with the U.S. but insists on respecting its sovereignty and internal affairs.
The United States has lifted sanctions on Venezuela's acting president, Delcy Rodriguez, aiming to stabilize the country's economy and encourage US business involvement. This move, however, appears to sideline the Venezuelan opposition. Meanwhile, Cuba faces a deepening crisis due to fuel shortages and US pressure, prompting questions about the US administration's broader foreign policy goals in the Western Hemisphere.
Russia claims a battlefield breakthrough in Luhansk while facing significant economic strain, with its largest oil producer, Rosneft, reporting a 73% drop in net income. Ukraine is boosting its drone production and seeking joint manufacturing with European partners, signaling a growing industrial defense capability. Diplomatic efforts continue, with Ukraine proposing an Easter energy truce, which Russia met with demands for territorial concessions.
A new report details how China uses a "shadow fleet" of old oil tankers to evade U.S. sanctions on Iran and Russia. This fleet delivers millions of barrels of sanctioned oil to China, helping both the sanctioned nations and China's own strategic reserves. The report also highlights sophisticated payment methods and the potential for these networks to be used for more than just oil.
Cuba is grappling with severe nationwide blackouts and shortages as US pressure intensifies. The US has cut off vital oil supplies, exacerbating an energy crisis that disrupts daily life for millions. These actions are part of a long-standing and complex relationship marked by historical tensions and political influence.
A Russian oil tanker delivered much-needed fuel to Cuba, marking the first such arrival in three months amid a severe shortage. The U.S. permitted the delivery, stating it was for humanitarian reasons, though it signals a potential case-by-case approach to sanctions. This event highlights Cuba's energy struggles and complex international relations.
A judge is leaning towards allowing former Venezuelan leader Nicolás Maduro to use foreign funds for his legal defense, despite U.S. sanctions. The ruling could impact how sanctions affect the right to counsel in similar cases.
Russia's Minister of Finance has warned top oligarchs of impending economic hardship, citing growing budget deficits and potential tax hikes. The meeting signals deep concerns within the Kremlin about the nation's financial stability amid ongoing conflict and international sanctions.
