Argentine President Javier Milei vowed tougher sanctions against companies involved in the Sea Lion oil project near the Falkland Islands. He also cited Donald Trump’s comments suggesting the United States could review its neutral stance on the sovereignty dispute.
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Gasoline prices have climbed to $4.14 a gallon ahead of Labor Day, while diesel is nearing its all-time high. Analysts cite rising crude prices, the Iran war, disruptions in the Strait of Hormuz and limits on Russian diesel exports.
Fox News Media said Maria Bartiromo has left the network after 12½ years. The longtime financial journalist hosted several Fox Business and Fox News programs and was cited in defamation litigation tied to false claims about the 2020 election.
Uber is laying off 3,300 employees, or about 10% of its workforce, as it reduces management layers and combines smaller teams. The company says the restructuring will help it move faster and invest in drivers, merchants and autonomous vehicle efforts.
Chevron plans to invest $7 billion in Venezuela over five years and double production there to about 600,000 barrels a day. The expansion follows a U.S.-Venezuela oil deal covering fields said to contain 65 billion barrels of petroleum.
The House approved a temporary spending bill, 370-48, to fund the federal government through Dec. 11 and avert a shutdown before the Nov. 3 midterms. The measure, already passed by the Senate, now goes to President Donald Trump.
Venezuela’s National Assembly has backed a 100-year oil deal giving a U.S.-led venture access to 65 billion barrels of crude. Critics say the terms remain opaque and hand Washington sweeping control over a major share of Venezuela’s reserves.
Canadian Prime Minister Mark Carney said the Trump administration must “start being serious” before trade talks can resume. Canada plans retaliatory tariffs on $20 billion in U.S. goods after Washington imposed 50% duties on a similar amount of Canadian imports.