U.S. Allows Venezuela to Begin Debt Restructuring Process
Venezuela must repay $60 billion in defaulted bonds as it looks to stabilize its economy.
Oil (Petroleum) and Gasoline
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Treasury Issues More Sanctions on Iranian Oil Exports
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
Thousands of EV Car Leases Are Ending Soon, Giving Buyers a More Affordable Option
The leases on hundreds of thousands of battery-powered cars and trucks will end in the next three years, and many will end up on used-car lots.
How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
Trump Administration Nears Loan Deal to Rescue Spirit Airlines
The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
Bessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.