Spencer Kimball

President Donald Trump said Monday the U.S. has sold more than $13 billion of Venezuelan oil since taking control of the South American nation's energy exports after the overthrow of former President Nicolas Maduro in January. Trump was responding to a qu... See more

Oil tankers are increasingly coming under fire on several fronts as economic warfare is deployed as a weapon in the escalating conflicts in the Middle East and Europe. Iran has stepped up its attacks on tankers in and around the Strait of Hormuz this mont... See more

Iran's Houthi allies in Yemen have completed preparations to attack ships transiting the Red Sea's southern access point, a maritime security group led by the U.S. Navy has warned. "Sources close to the group stated that the Houthis have completed prepara... See more

Iraq and Syria signed an agreement on Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Syria inked the deal at a Chamber of Commerce summit in Washington D.C. on U.S. investment in Iraq. Energy Secre... See more

The security situation in the Strait of Hormuz has returned to a "worse-case scenario" for oil tankers as Iran has repeatedly attacked ships over the past week, the CEO of a maritime risk services firm said. "We see the reduction of the volume of transits... See more