Washington, Jan 29 (IANS) A contentious US Senate hearing on Venezuela this week offered a revealing look at how Washington is fusing energy control, China’s debt diplomacy, sanctions, and calibrated force — a strategic mix that resembles challenges India faces across the Global South and the Indo-Pacific.Testifying before the Senate Foreign Relations Committee, US Secretary of State Marco Rubio showcased Venezuela as a case study of how great-power competition now plays out through oil acce…
Latest sanctions News & Updates
Washington, Jan 29 (IANS) US Secretary of State Marco Rubio has defended Washington’s oversight of Venezuelan oil revenues, telling senators that the arrangement was necessary to prevent economic collapse while the country transitions away from corruption and mismanagement.Rubio on Wednesday (local time) said Venezuela was facing an immediate crisis after the removal of Nicolas Maduro, with oil production continuing but no place to store or sell crude.“They were producing oil, they were dril…
New Delhi, Jan 15 (IANS) India’s exports to Iran are mostly humanitarian in nature and the government will wait for the detailed US executive order before assessing the impact of the proposed 25 per cent tariff announced by US President Donald Trump, Commerce Secretary Rajesh Agrawal said on Thursday.Trump had said in a social media post on Monday that any country doing business with Iran would face a 25 per cent tariff on all trade with the United States, with immediate effect.However, Indian…
Washington, Jan 14 (IANS) US President Donald Trump said he had cancelled all meetings with Iranian officials, imposed new tariff penalties linked to Iran, and urged protesters in the country to continue demonstrations against what he called abuses by its leadership.Speaking at the Detroit Economic Club, Trump said the decision to halt diplomatic engagement was tied to violence against protesters in Iran. “I’ve cancelled all meetings with the Iranian officials until the senseless killing of …
New Delhi, Jan 13 (IANS) While US President Donald Trump’s recent warning that any country trading with Iran could face an additional 25 per cent tariff has direct implications for India, any choppy waters ahead may affect future operations at the Chabahar port as well. India is among Iran’s top business partners, as are China, Turkey, the UAE, Pakistan, and Armenia. The proposed addition will compound earlier US duties, which included a 25 per cent reciprocal trade tariff plus an equal amou…
Washington, Jan 8 (IANS) The US Congress is sharply divided over President Donald Trump’s expanding use of military and economic power abroad, with lawmakers from both parties offering starkly different readings of the administration’s actions in Venezuela and its broader foreign policy posture.Top Democratic opposition leaders on Wednesday (local time) accused the Trump Administration of bypassing Congress, shifting rationales, and risking another prolonged overseas entanglement.Lawmakers from …
New Delhi, Jan 5 (IANS) US President Donald Trump’s statement that the United States of America was now going to “run the country”, adding that American companies would rebuild Venezuela’s battered oil industry, continues to dominate news headlines with Washington’s media digging for details. And soon after the weekend Caracas raid, Trump indicated that Washington could further increase tariffs on Indian goods if it did not stop buying Russian oil.The US has already applied additional punitive d…
Washington, Jan 5 (IANS) US President Donald Trump said a deal to end the Russia-Ukraine war remains possible, citing mounting casualties on both sides and arguing that economic pressure on Moscow is beginning to take effect.Speaking aboard Air Force One, on Sunday, Trump told reporters newly released figures underscore the urgency of ending the conflict. “Thirty thousand soldiers were killed this current month,” he said, adding that about 27,000 were killed the month before.Trump said he do…
Washington, Jan 4 (IANS) US President Donald Trump said the United States will temporarily run Venezuela following the arrest of Nicolas Maduro, arguing that Washington must oversee a transition to prevent instability and rebuild the country’s oil infrastructure.Asked directly who would govern Venezuela, Trump said, “We’re going to be running it with a group,” adding that US officials were already being designated to manage the process.Trump said the United States would remain in charge …
New Delhi, Dec 27 (IANS) Oman’s Duqm port expands India’s range of maritime options, beyond Iran’s Chabahar, according to a media report. The port of Duqm lies outside the Strait of Hormuz. It saves India “diplomatic volatility, sanctions risk, and legal uncertainty” — all seen with Chabahar port, The National Interest reported.The shift toward Duqm did not occur overnight. It has been shaped by “renewed sanctions enforcement, tighter compliance standards in global financial centres, and In…