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Venezuelan officials said they wanted to "free the country from the burden of accumulated debt."

Air India, a carrier co-owned by Tata Group and Singapore Airlines, plans to scale back over a quarter of its international flights from June as rising costs bite.

A Cuban official said the situation is "extremely tense" as blackouts sparked protests in Havana on Wednesday.

OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn't help consumers and could harm roads.

President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.

The Iran war, now well into its third month, has caused oil prices to soar globally as Iran continues to lock down the Strait of Hormuz.

There is no quick fix to the economic and political damage from the war.