Venezuela embarks on $150 billion restructuring of debt amid political turmoil
Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”Iran war fallout forces Singapore Airlines-backed Air India to cancel 27% of international flights
Air India, a carrier co-owned by Tata Group and Singapore Airlines, plans to scale back over a quarter of its international flights from June as rising costs bite.Cuba says oil and diesel supplies have run dry under U.S. sanctions
A Cuban official said the situation is “extremely tense” as blackouts sparked protests in Havana on Wednesday.Oil prices mixed as IEA flags greater volatility ahead, OPEC cuts demand forecast
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents contend a pause wouldn't help consumers and could harm roads.Trump wants gas tax relief. But slim driver savings could strain a key federal fund
President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.Trump doesn't need Congress to restart Iran strikes: Hegseth
The Iran war, now well into its third month, has caused oil prices to soar globally as Iran continues to lock down the Strait of Hormuz.Analysis: Iran war hangs over Trump's China trip — and his presidency
There is no quick fix to the economic and political damage from the war.