Il-76 Transport Plane

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Trump wants Venezuela's oil — markets may not care

U.S. President Donald Trump made no secret of his plan for Venezuela. "One of the things the United States gets out of this will be even lower energy prices," Trump said in a Jan. 9 meeting with energy executives. “Our giant oil companies will be spending at least $100 billion of their money (in Venezuela),” the president said. Darren Woods, head of oil giant Exxon Mobil, wasn’t sold on Trump’s idea. “We’ve had our assets seized there twice, and so you can imagine that to reenter a third tim

The El Palito refinery is seen at dusk in Puerto Cabello, Venezuela, on Dec. 18, 2025.

Zelensky orders final review of US security guarantees; White House source praises 'tremendous progress' in ending war

President Volodymyr Zelensky said on Jan. 12 that he instructed Ukraine's negotiating team to finalize a security guarantees document with the U.S. and submit it for review "at the highest level." In his evening address, Zelensky added that Ukraine "is coordinating meeting schedules with U.S. President (Donald) Trump's representatives — our documents are largely ready for signing." No further details were provided by the president. The directive comes amid growing indications that Washington

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