Energy

Venezuela vowed not to ‘hand over’ its oil. Trump aims to grab a windfall. - The Washington Post

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DW NOTE

Trump is threatening seizure of Venezuelan oil assets while the Strait of Hormuz has been functionally closed since February and global supply is projected down 4.3 million barrels per day this year. This isn't gunboat diplomacy—it's admission that the U.S. can no longer secure oil at market prices and must resort to confiscation. Caracas vowed not to hand over the oil. Washington appears to have concluded it doesn't need permission.

Read the full story at The Washington Post →

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Venezuela vowed not to ‘hand over’ its oil. Trump aims to grab a windfall. - The Washington Post

Read more

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX