President Donald Trump has renewed his push to highlight Greenland’s strategic importance. In a Truth Social post on Tuesday, he declared that “massive oil, gas and mineral exploration” is set to begin on the Arctic island. He claimed that its natural resources and military value are unmatched. Donald Trump claimed Greenland holds some of the … Read more
The move comes amid an energy crisis that has erupted due to the escalating Russia-Ukraine war, and America’s inconclusive conflict with Iran (Photo: Reuters). United States on Tuesday offered to loan energy companies 40 million barrels of oil from its Strategic Petroleum Reserve, an attempt to control rising prices due to the Ukraine and Iran … Read more
Yemen’s Houthi rebels have seized the strategic islands of Greater and Lesser Hanish in the southern Red Sea, bolstering the Iran-backed rebels’ ability to control a key maritime shipping route. Houthis seize 2 strategic Red Sea islands, and other Mideast developments Meanwhile, repairs to a crucial Saudi Arabian oil pipeline that was struck in an … Read more
Houthis capture Mokha, move closer to key Bab al-Mandab Strait Yemen’s Iran-backed Houthis have seized the strategic Red Sea port city of Mokha from Saudi-backed pro-government forces, military sources and witnesses told the BBC.The capture brings the Houthis within 75km (46 miles) of the Bab al-Mandab Strait, a key gateway for global trade between Asia … Read more
Donald Trump said the process of refilling the reserve would begin shortly US President Donald Trump on Sunday said oil secured under a recently announced deal with Venezuela would be used to replenish the Strategic Petroleum Reserve (SPR), which has been drawn down sharply in recent years amid global supply disruptions and high fuel prices.In … Read more