Vessels near the Strait of Hormuz as seen from Musandam, Oman, last week. Shipping in the strait has been mostly at a standstill, with only five ships passing through on Monday.
U.S. Central Command did not say precisely what it was trying to destroy in Iran, but it said the attacks were aimed at Iran’s Islamic Revolutionary Guards Corps.
The Trump administration’s deal with a private oil company to increase oil production in the South American country could take many years to come to fruition.
The Defense Department’s Office of Strategic Capital, founded by the Biden administration to give loans to bolster the U.S. defense industry, is helping lead President Trump’s oil deal.
President Trump said his defense secretary and secretary of state reached an agreement with the Venezuelan government on securing billions of barrels of oil reserves “through a partnership with private business.”
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