US resumes operations at embassy in Caracas

The State Department announced on Monday that it was resuming operations at its embassy in Caracas, marking a significant milestone in re-establishing diplomatic relations between the US and Venezuela. “Today, we are formally resuming operations at the U.S. Embassy in Caracas, marking a new chapter in our diplomatic presence in Venezuela,” the State Department said…

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former top Trump White House economist

In 1973, OPEC proclaimed an oil embargo on the U.S. for its decision to resupply the Israeli military during the Yom Kippur war. The embargo lasted until March 1974, and during this time oil prices quadrupled. To control supply, the federal government under Nixon rationed oil, by state, to 1972 levels. By February 1974, it…

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