In February, the Supreme Court demolished the legal foundation of Donald Trump’s signature economic policy, ruling that emergency powers do not let a president impose tariffs. Four months later, the tariffs are still here — the revenue, by the Treasury’s account, essentially unchanged — and the administration is methodically rebuilding the entire system on different … Read more
US inflation hit 4.2% in May — the highest reading since April 2023 — and President Trump’s response has been consistent: the number is the war, and the war is about to end. After canceling the June 11 strikes and declaring a deal with Iran imminent, he argued that recent figures point to an even … Read more
For a brief moment at the end of 2025, it looked like Germany’s inflation problem was finally behind it. In December 2025, the country’s consumer price index fell to 1.8% — below the European Central Bank’s symbolic 2% target for the first time in years. Economists breathed a cautious sigh of relief. Bundesbank officials spoke … Read more
On January 3, 2026, a US Special Operations team captured Venezuelan President Nicolás Maduro in Caracas. Among the 30 members of his security detail killed in the operation were Cuban personnel. Within 72 hours, the Venezuela Cuba oil deal — the most consequential energy arrangement in the Western Hemisphere for a quarter century — was … Read more
Gas prices have become one of the most talked-about economic topics in recent years. Whether you’re commuting to work, planning a road trip, or simply pulling into a gas station, the pain of high fuel prices is hard to ignore. With the national average for regular gasoline climbing sharply in 2025 and surging even higher … Read more
Flowing through the heart of Berlin for approximately 46 kilometres within the city’s boundaries, the River Spree is far more than a geographical feature. It is a living witness to the entire history of the German capital. Every bend in the river carries the memory of centuries: from medieval Slavic settlements and the grandeur of … Read more
The United Arab Emirates (UAE) has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026, after nearly 60 years of membership since joining in 1967. This move represents a significant blow to the oil cartel, particularly its de facto leader Saudi Arabia, and … Read more
Cuba needs roughly 100,000–120,000 barrels per day (bpd) of petroleum products but produces only 24,000–32,000 bpd domestically — leaving an import gap of 60,000–80,000+ bpd that must be filled entirely through Cuba oil imports, according to CEIC data. ⚡ Crisis update (May 2026): Venezuela resumed limited shipments (~1M barrels, week of Mar 27). Trump signaled … Read more
Cuba is experiencing the worst energy crisis in its modern history. Cuba’s Energy Minister Vicente de la O Levy warned in mid-May 2026 that the country had completely run out of diesel and fuel oil — “not a drop of fuel, diesel, only associated gas.” On the same day, the electricity generation deficit exceeded 2,204 … Read more
Cuba oil is one of the most geopolitically charged subjects in energy today. On an island of 11 million people just 90 miles from the Florida coast, oil is not merely a commodity — it is the lifeblood of the entire economy, the source of nearly all electricity, and the lever through which foreign powers … Read more