A deal for control of Venezuela’s Citgo Petroleum Corp. by a group affiliated with hedge fund Elliott Investment Management has gotten bogged down amid Trump administration concerns over the price and political risk.
A deal for control of Venezuela’s Citgo Petroleum Corp. by a group affiliated with hedge fund Elliott Investment Management has gotten bogged down amid Trump administration concerns over the price and political risk.
Citgo headquarters in Houston. Photographer: Brandon Bell/Getty Images
As President Donald Trump muses about seizing control of Iran’s oil sector, one potential upside is looming in his thinking: expanding US global energy dominance to gain trade leverage against China, people familiar with the matter say.
As President Donald Trump muses about seizing control of Iran’s oil sector, one potential upside is looming in his thinking: expanding US global energy dominance to gain trade leverage against China, people familiar with the matter say.
The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products, even as it moves to simplify duties for goods made with negligible amounts of the metals.
The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products, even as it moves to simplify duties for goods made with negligible amounts of the metals.
A worker inspects coils of steel in the storage yard at a steel plant in Ostrava, Czech Republic.
The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products, even as it moves to simplify duties for goods made with negligible amounts of the metals.
The Trump administration said it will maintain 50% tariffs on many imported steel, aluminum and copper products, even as it moves to simplify duties for goods made with negligible amounts of the metals.
A worker inspects coils of steel in the storage yard at a steel plant in Ostrava, Czech Republic.
Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after stumbles in her efforts to carry out President Donald Trump’s agenda.
Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after stumbles in her efforts to carry out President Donald Trump’s agenda.
The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged American companies for months.
The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged American companies for months.
Steel coils at the Port of Little Rock in Little Rock, Arkansas, US, on Thursday, April 3, 2025. Wall Street economists said the US risks a recession this year and inflation could return to pandemic levels following the Trump administration's announcement of major tariffs on global trading partners. Photographer: Al Drago/Bloomberg
President Donald Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz.
President Donald Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz.
Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict, throwing cold water on a Trump administration plan for US-backed insurance and naval escorts to clear passage through the vital waterway.
Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict, throwing cold water on a Trump administration plan for US-backed insurance and naval escorts to clear passage through the vital waterway.
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
Iran's main oil export terminal at Kharg Island in the Persian Gulf. Source: AFP/Getty Images
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
Iran's main oil export terminal at Kharg Island in the Persian Gulf. Source: AFP/Getty Images
The Trump administration is talking with some offshore wind developers about buying back the leases they purchased from the federal government years ago to develop energy projects along the US coast.
The Trump administration is talking with some offshore wind developers about buying back the leases they purchased from the federal government years ago to develop energy projects along the US coast.
Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies.
Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies.
Scott Bessent, US treasury secretary, during an Economic Club of Minnesota event in Golden Valley, Minnesota, US, on Thursday, Jan. 8, 2026. Bessent called for the Federal Reserve to continue cutting interest rates, extending his pressure campaign on US monetary policymakers.
The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.
The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.
The Trump administration is preparing to expand the opportunity for sales of higher-ethanol E15 gasoline this summer by waiving the fuel from US volatility requirements, according to people familiar with the matter.
The Trump administration is preparing to expand the opportunity for sales of higher-ethanol E15 gasoline this summer by waiving the fuel from US volatility requirements, according to people familiar with the matter.
A driver refuels at a gas station in San Francisco.
President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while the US deploys more troops to the Middle East.
President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while the US deploys more troops to the Middle East.
Rescue workers inspect the site of an Iranian missile strike in Tel Aviv, on March 24.
President Donald Trump urged Republican lawmakers to link funds to reopen the Department of Homeland Security to voter ID legislation and remain in Washington through the Easter holiday if needed — imploring them to “make this one for Jesus.”
President Donald Trump urged Republican lawmakers to link funds to reopen the Department of Homeland Security to voter ID legislation and remain in Washington through the Easter holiday if needed — imploring them to “make this one for Jesus.”
The US Capitol in Washington, DC, US, on Wednesday, March 18, 2026. Congressional Democrats walked out of a briefing with US Attorney General Pam Bondi and Deputy Attorney General Todd Blanche that was intended to cover the Justice Department's handling of files related to sex trafficking investigations of disgraced financier Jeffrey Epstein.
President Donald Trump said the US would postpone strikes against Iran’s energy infrastructure after what he called “productive conversations” with the country, in comments that spurred confusion over the participants in the talks and parameters of a deal.
President Donald Trump said the US would postpone strikes against Iran’s energy infrastructure after what he called “productive conversations” with the country, in comments that spurred confusion over the participants in the talks and parameters of a deal.
Civilians and emergency workers near the remains of a residential and commercial building in the Shahrak-e Gharb neighbourhood of Tehran on March 21.
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
US President Donald Trump Photographer: Shawn Thew/EPA
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
US President Donald Trump Photographer: Shawn Thew/EPA
President Donald Trump said he’s ready to deploy Immigration and Customs Enforcement agents to US airports as soon as Monday if congressional Democrats don’t agree to a plan for funding parts of the Department of Homeland Security.
President Donald Trump said he’s ready to deploy Immigration and Customs Enforcement agents to US airports as soon as Monday if congressional Democrats don’t agree to a plan for funding parts of the Department of Homeland Security.
Travelers wait in line at a TSA checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta on March 20.
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