One of the world’s most vital maritime arteries saw a 70 percent drop in vessel traffic.
Having reshaped the company, Sultan Ahmed Al Jaber wants to expand internationally, particularly in natural gas, chemicals and renewables.
Iran’s extensive military abilities and network of regional proxies could draw the United States into a prolonged conflict.
Chevron has signed an initial agreement to start working in Syria, weeks after the Syrian government seized control of key oil and gas fields in the north of the country.
President Trump has left himself plenty of room for maximal intervention. But there are a host of potential wild cards, each with risks for the president.
If President Trump follows through, some of Iran’s biggest trading partners, including China and India, could be hit hard.
Israel’s granting of an export permit is the final step to allow the deal, first announced by energy companies in August, to proceed.
The move is an escalation of military operations and a pressure campaign against Nicolás Maduro, Venezuela’s leader. But its scope and economic impact are not clear.
In public, the White House says it is confronting Venezuela to curb drug trafficking. Behind the scenes, gaining access to the country’s vast oil reserves is a priority.
The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.