An oil tanker is expected to load crude at Libya's Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member's oil production to a trickle.
The United States said on Monday it was imposing sanctions on Iran's defense ministry and Venezuelan President Nicolas Maduro under a contested UN authority and demanded that Europe follow suit.
Venezuela President Nicolas Maduro on Monday gave the head of the European Union mission in Caracas, Isabel Brilhante Pedrosa, 72 hours to leave the country after the bloc announced sanctions against 11 Venezuelan officials.
The Mexican government’s financial crime department has frozen the bank accounts of companies and people blacklisted by the United States under accusations of having evaded the sanction regime imposed on Venezuela, its chief said on Friday.
The United States blacklisted Mexican company Libre Abordo and a related firm, accusing them of helping Caracas evade US sanctions in the first formal action taken by the US Treasury Department against Mexican companies involved in trading Venezuelan oil.
Opposition parties in Spain are calling on the government to explain why one of its ministers met Venezuela’s vice-president in a secretive encounter onboard a private jet at Madrid airport.
United States immigration officials have added Venezuelan government minister Tareck El Aissami, a suspected drug smuggler, to their list of most wanted fugitives, they said on Wednesday.
Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at US$72.04 a barrel at 0110 GMT, up 27 cents, or 0.4per cent, from their last close. Brent closed up 0.7per cent on Wednesday.
Secretary of State Mike Pompeo on Thursday threatened a swift and decisive US response to any attack by Iran, in the latest of a series of escalating statements and actions.
The US has lifted sanctions on a Venezuelan general who broke ranks from the Nicolás Maduro regime, saying it hoped it would push others to follow. Vice-President Mike Pence on Tuesday said the US would “consider sanctions relief for all those who step up”.