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China-bound shipments at risk as Venezuela holds US oil talks

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China-bound shipments at risk as Venezuela holds US oil talks


Pumpjacks are seen at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. — Reuters
Pumpjacks are seen at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. — Reuters
  • Venezuela, US holding talks to export crude to US refineries.
  • Talks may lead to redirecting oil cargoes originally meant for China.
  • Chevron currently controls flow of Venezuelan crude to US.

Houston/Washington: Venezuela is in talks with the United States about exporting its crude oil to American refineries, a move that could mean fewer shipments heading to China. 

Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid deeper output cuts.

Venezuela has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship due to a blockade on exports imposed by US President Donald Trump since mid-December.

The blockade was part of rising US pressure on the government of Venezuelan President Nicolas Maduro that culminated in US forces capturing him this weekend.

A potential deal to sell the trapped crude to the US could initially require reallocating cargoes originally bound for China, two sources said. The Asian country has been Venezuela’s top buyer in the last decade and especially since the United States imposed sanctions on companies involved in oil trade with Venezuela in 2020.

The supply would increase the volume of Venezuelan oil exported to the US, a flow that is currently controlled entirely by Chevron, PDVSA’s main joint venture partner, under a US authorisation.

Chevron, which has been exporting between 100,000 and 150,000 barrels per day (bpd) of Venezuelan oil to the US, has emerged in recent weeks as the only company fluidly loading and shipping crude from the South American country amid the blockade.

PDVSA has already had to cut production due to the embargo, because it is running out of storage for the oil. If PDVSA does not find a way to export oil soon, it would have to cut production more, one of the sources said.

The White House, Venezuelan government officials and PDVSA did not immediately comment. Venezuela’s oil ministry has said the US wants to steal the country’s oil reserves and denounced Maduro’s capture as a kidnapping.

US refineries on the Gulf Coast can process Venezuela’s heavy crude grades and were importing some 500,000 barrels per day (bpd) before Washington first imposed energy sanctions on Venezuela.

It was not immediately clear how sanctioned PDVSA would obtain proceeds from the oil sales.

The officials have been in talks this week about possible sale mechanisms, including auctions to allow interested US buyers to participate in cargo offers, and the issuance of US licences to PDVSA’s business partners that could lead to supply contracts, two sources said.

The parties have also discussed if the Venezuelan crude can refill the US Strategic Petroleum Reserve in the future, one of the sources said.





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Vibes war? Trump pitches Iran conflict on ‘feeling’

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Vibes war? Trump pitches Iran conflict on ‘feeling’


US President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, DC on March 6, 2026. — Reuters
US President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, DC on March 6, 2026. — Reuters

WASHINGTON: Donald Trump has plunged the United States into its most significant conflict in decades over a “feeling.” It’s not his political opponents saying this, but the White House itself.

Throughout the first week of the war with Iran, the US president has prioritised impulse and emotion over explanations and reasoning.

“I hope you’re impressed,” Trump, a former reality TV host, told an ABC News reporter on Thursday. “How do you like the performance?”

Official government accounts are posting clips on social media that present the military operation like a video game, often with sharp captions that would suit a blockbuster war film.

“This could be the first war ever launched based on vibes,” joked American comedian and talk show host Jimmy Fallon this week.

Journalists on Wednesday bombarded White House press secretary Karoline Leavitt with questions about what motivated US military intervention — which Trump oversaw from his luxury Mar-a-Lago residence in Florida.

She replied that the president had acted because he “had a good feeling that the Iranian regime was going to strike US assets and our personnel in the region.”

‘Incoherent, immoral, arrogant’

Experts said the Trump administration has taken a new approach in how it has sought to justify and communicate the military action to the public.

Sean Aday, a public relations professor at George Washington University, said he has “never seen worse messaging in wartime from a US administration.”

“It´s been a combination of incoherent, immoral, arrogant, amateurish, and at times trafficked in outright fabrication,” he told AFP.

Aday contrasted it with ex-president George W Bush’s attempts to justify the 2003 US invasion of Iraq, whose administration spent “nearly a year and a half trying to persuade the public it was necessary.”

Birds fly as smoke rises following an explosion, after Israel and the US launched strikes on Iran, amid the US-Israel conflict with Iran, in Tehran, Iran on March 2, 2026. — Reuters
Birds fly as smoke rises following an explosion, after Israel and the US launched strikes on Iran, amid the US-Israel conflict with Iran, in Tehran, Iran on March 2, 2026. — Reuters

Richard Haass, a former US diplomat, pointed to how Trump has largely ignored formal national security processes, “having spent the better part of the last year hollowing out the national security apparatus.”

The National Security Council, a body that helps the president shape his diplomatic and military strategy, has been significantly downsized since Trump returned to power in January 2025.

Marco Rubio now combines the roles of secretary of state and national security adviser — positions that were previously separate.

Contradictory remarks

Trump has been vague about both the reason for entering a war with Iran and the objectives being pursued.

Instead of holding press conferences he has given several short phone interviews with reporters, producing a mosaic of contradictory comments.

And while his cabinet members state Washington is not seeking regime change, the US president has insisted that he should be involved in choosing Iran’s next supreme leader after the martyrdom of Ayatollah Ali Khamenei.

A US Navy sailor signals an F/A-18E Super Hornet on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran at an undisclosed location on March 4, 2026. — Reuters
A US Navy sailor signals an F/A-18E Super Hornet on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran at an undisclosed location on March 4, 2026. — Reuters

Trump has also brushed aside economic concerns from the conflict which has driven up the price of gasoline — a potential vulnerability for his Republican party ahead of midterm elections this year.

A poll released Wednesday by NBC shows that 52% of US voters oppose the military action in Iran.

By contrast, the start of the war in Afghanistan in 2001 was met with strong approval, and the public initially supported the offensive launched in Iraq.

But on both Afghanistan and Iraq, negative opinions grew as the conflicts dragged on.





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Iran’s response to mediation efforts is ‘clear’: President Pezeshkian

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Iran’s response to mediation efforts is ‘clear’: President Pezeshkian



Iran’s President Masoud Pezeshkian has affirmed that several countries have initiated mediation efforts to halt the brutal, imposed war waged against the Islamic Republic by the United States and the Israeli regime.

In a post on the social media platform X on Friday, President Pezeshkian said, “Some countries have begun mediation efforts and our response to them is clear.”

He stressed that these efforts must target the true aggressors, the US and Israel, who launched this unprovoked aggression.

He reiterated Iran’s unwavering commitment to “lasting” peace in the region, declaring, “Yet we have no hesitation in defending our nation’s dignity, sovereignty, and the rights of our great people.”

The president emphasized that any genuine mediation must confront those who underestimated the resilience of the Iranian nation and deliberately ignited this war through their criminal attacks.

The US and the Israeli regime unleashed a new wave of savage aerial aggression against Iran on February 28, barely eight months after their previous unprovoked assaults on the country.

These barbaric strikes resulted in the martyrdom of the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei—a profound loss for the Islamic Ummah and a heinous crime against humanity.

In response, the Iranian government declared 40 days of national public mourning and seven days of official holidays to honor the Supreme Leader’s martyrdom and rally the nation in unity and resolve.

These latest aggressions came even as Tehran and Washington had engaged in three rounds of indirect negotiations in the Omani capital of Muscat and the Swiss city of Geneva, with plans underway for technical talks in Vienna, Austria—demonstrating Iran’s consistent pursuit of diplomacy despite relentless hostility.

Unyielding in the face of this aggression, Iran has launched powerful and precise retaliatory barrages of missiles and drones targeting military sites in the Israeli-occupied territories and US bases across the region, exercising its legitimate right to self-defense and sending a clear message that the Iranian nation will never submit to bullying or occupation.

 



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Iran destroys US radars in UAE, Jordan, satellite images show

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Iran destroys US radars in UAE, Jordan, satellite images show



Satellite images show that several US military radars in the UAE and Jordan have been successfully hit by Iranian missiles and drones as the Iranian Armed Forces continue a retaliatory campaign against American and Israeli aggression.

New images from several military installations across the Arabian Peninsula suggest that Iran has focused on disabling the radar infrastructure that forms the backbone of US-supplied missile systems.

One such radar, supporting an American THAAD missile battery at Muwaffaq Salti Air Base in Jordan, appears to have been hit and destroyed in the opening days of the war, according to satellite imagery captured Monday.

The base lies more than 500 miles from Iran, underscoring the reach of Tehran’s retaliatory operations.
Similar damage has also been detected in the United Arab Emirates.

Satellite analysis shows that buildings housing radar-related infrastructure were struck at two locations—near Ruwais and Sader—between February 28 and March 1.At least three structures in Ruwais and four in Sader sustained visible damage, including pull-through vehicle sheds typically used to store radar systems linked to THAAD batteries.

The radar component is considered a critical element of the high-end missile interceptor system, enabling the detection and tracking of incoming ballistic missiles and drones. Without it, the interceptor batteries’ ability to respond to threats is significantly degraded.

Iran’s Islamic Revolution Guards Corps (IRGC) earlier said such strikes were part of its expanding Operation True Promise 4, a campaign launched in retaliation for the unprovoked US-Israeli aggression.

“With the successful destruction of more than seven advanced radars, the eyes of the US and the usurping Zionist regime in the region have been blinded,” the IRGC said in a statement on Wednesday, announcing the 17th stage of the operation.

The latest developments come after the United States and Israel launched a new round of aggression against Iran on February 28, eight months after earlier unprovoked attacks against the country.

The strikes has led to the martyrdom of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and more than 1,200 civilians, including women, children and senior military commanders.

Iran responded swiftly, unleashing waves of missile and drone attacks targeting Israeli-occupied territories and US bases across the region.

Iranian officials insist the war was imposed on the country and say their ongoing military campaign is a legitimate act of self-defense aimed at neutralizing the infrastructure used to sustain further aggression.



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