LEBANON SAYS ISRAELI STRIKES KILLED 912 PEOPLE SINCE MARCH 2

TRUMP: WON'T BE TOO LONG BEFORE SHIPS CAN GO THROUGH STRAIT OF HORMUZ

The Trump administration plans to ease sanctions on Venezuela’s oil sector to increase crude output as the Iran war drives up prices. The moves, expected this week, include issuing licenses for foreign companies to operate in Venezuela. Companies like ONGC Videsh, Maha Capital AB, and J&F Investimentos are likely to receive approval. However, experts say Venezuela’s production gains will be modest, with a potential increase of up to 300,000 barrels per day in 2026, insufficient to offset global price spikes.