Venezuela’s oil boom crashed into a 73% economic contraction fueled by extreme subsidies, $300 billion lost to corruption, PDVSA underinvestment, and U.S. secondary sanctions that slashed oil output and deepened collapse.

Why Venezuela’s vast oil reserves and growing ties with Russia, China and Iran turned the country into a major strategic flashpoint for the United States, reshaping sanctions, geopolitics and power equations in the Western Hemisphere.

Iranian President Masoud Pezeshkian has acknowledged the validity of a key driver for the agitation: frustrations over Iran’s economic conditions.

United Nations: A raft of UN sanctions on Iran over its nuclear program, lifted under a landmark 2015 deal, went back into force late Saturday. The sanctions were reimposed because the "E3" European group -- Britain, France and Germany -- triggered a ...

How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez, Stanford University Press, 212 pages, $24 If there's one part of foreign policy where President Donald Trump has been ...

Oil, Sanctions, Power Politics & What’s at Stake. #USVenezuelaconflict #USVenezuelarelations #Venezuelacrisis #USforeignpolicy Watch video on Zee News

Already suffering a 40 percent inflation rate and critical shortages of power and water, many in Iran expect conditions to get worse. By Farnaz Fassihi Farnaz Fassihi has lived and worked in Iran, has covered the country for three decades and was a war ...

US President Donald Trump’s move to sanction two of Russia’s largest oil firms - Rosneft and Lukoil - may finally force India and China to drastically reduce or even stop their crude oil imports from Russia. China and India are among the top importers ...

Economic sanctions are usually ineffective but still do significant harm to the poor and needy in a country. U.S. sanctions have led to the death of hundreds of thousands of people. Countries can get around sanctions by using different currencies, third ...

Anniversaries, even those as somber as today’s, offer a crucial opportunity for reflection. As we mark the third anniversary of Russia’s full-scale invasion of Ukraine, it is essential to assess how this war—and the sweeping sanctions imposed in ...