U.S. Coast Guard Pursues Tanker Shipping Venezuelan Oil Amid Increased Sanctions
The U.S. Coast Guard is pursuing an oil tanker involved in transporting oil from Venezuela, part of an intensified effort by the Trump administration to block such shipments. This pursuit follows the apprehension of another tanker not on the sanctions list and President Trump's recent order for a blockade of sanctioned vessels.
The targeted tanker is linked to the dark fleet and is reportedly flying a false flag. In other news, Harbour Energy is acquiring LLOG Exploration for $3.2 billion, marking its entry into the Gulf of Mexico.
Gold prices reached a record high, surpassing $4,400 an ounce, driven by expectations of U.S. interest rate cuts and geopolitical risks. China plans to impose provisional antisubsidy duties on EU dairy products ranging from 21.9% to 42.7%. European natural gas prices are projected to decline by over 40% for the year due to soft demand and strong supply conditions.
