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GRANDE PRAIRIE, ALBERTA TheNewswire – December 15, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) is pleased to announce that it has entered into a binding Letter of Intent (‘LOI’) with an arm’s length party (the ‘Purchaser’) to sell its 40% participating interest in the Evesham Macklin oil and gas lands (the ‘Assets’) in Saskatchewan at a sale price of $4,800,000. The sale of the Assets is anticipated to be completed on January 31, 2026 (the ‘Closing Date’).

The Assets were acquired by the Company through its wholly owned-subsidiary EnerCam Exploration Ltd. on December 12, 2023 and the Purchaser provided a loan (the ‘Loan’) to fund the acquisition. The outstanding amount of the Loan is $3,800,000.

CEO Delayne Weeks comments on the decision to sell the Assets, ‘This decision follows a full analysis over the greatest value increases for shareholders in the coming 24 months.  In our view, the greatest growth value of Angkor will be achieved on proving Cambodia’s first oil and gas discovery and the second will be on advancing assays and drilling on both gold and copper projects, either by ourselves or with strong partners.   Evesham is a great project, but it is a long-term multi-well field which requires more investment capital for water injection and ongoing capital upgrades.  Therefore, we will take the net sale proceeds from the sale of the Assets and apply the funds directly to packaging the oil and mineral projects in Cambodia for a sale or merger opportunity and other administrative operations. ‘

Transaction Summary

The terms of the LOI provide that the purchase price shall be satisfied by the Purchaser under the following payment terms: (a) a $250,000 non-refundable deposit is payable on December 31, 2025 after expiry of the Purchaser’s due diligence condition; (b) a payment of $375,000 is payable on the Closing Date; (c) the balance of the Loan will be applied to the purchase price on the Closing Date; and (d) a final payment of $375,000 subject to adjustment is payable on March 1, 2026. The terms of the LOI also provided that all profit entitlements and operating and capital commitments under the Assets after October 1, 2025 shall accrue to the Purchaser.

Conditions to Closing

The parties intend to enter into a form of asset purchase and sale agreement which shall replace the LOI and shall contain customary commercial terms and closing conditions such as approval of the sale and transfer by the operator of the Assets, appropriate representations, warranties and indemnities of the parties, receipt of all applicable regulatory and shareholder approvals and approval of the stock exchange.

No finder’s fees were paid on the transaction.

Weeks continues, ‘The sale transaction will be achieved without any dilution of our stock and no commissions are payable;  we can use the net sale proceeds where we most need them.   We are also blessed to have developed strong relations with exemplary oil operators and developers at Evesham, who remain great advisers and colleagues on oil and gas opportunities.’

The Company is completing the interpretation of the seismic program over four subbasins on Block VIII, Cambodia’s first onshore oil and gas license under exploration.   Multiple targets have been identified.   Geoscientists indicate the end of December to have a completed interpretation of the results with drill targets.

Weeks adds, ‘The processing of the seismic produced results beyond our expectations.  We have already concluded that instead of a single target, we have 3-5 drill targets and proving commercial hydrocarbons on any of those areas will add greater value to the Company.   As well, the recent announcement of the gold prospect CZ Gold, Angkor Resources IDENTIFIES GOLD PROSPECT ON ANDONG MEAS LICENSE, CAMBODIA – Angkor Resources Corp leads us to focus all our resources in Cambodia to formulate a robust, attractive platform with significant upside that mitigates risk for investors with diversity in Cambodia’s first oil and gas discovery and is backed up with gold and copper prospects across several mineral licenses.

ABOUT Angkor Resources CORPORATION

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.

The Company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold.  Both licenses are in their first two-year renewal term.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres.  EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and gas producing Nation.

Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada with measures of gas capture to reduce emissions with carbon capture activities.  Those activities were a long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.

CONTACT: Delayne Weeks – CEO

Email:- info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

_____________________________________

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties which are beyond the Company’s control, including without limitation, anticipated closing of the transaction, satisfaction of conditions, regulatory and shareholder approvals and expected payments, the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

As the underground sampling was limited to the extent of the mine workings, detailed drilling is necessary to determine the ultimate size, shape and grade of the mineralized zones.  Consequently, Pinnacle’s geological team has compiled the results and created 3D models of the Dos de Mayo vein and the exposed mineralization in the 3 mines (see Figure 3 below) in order to create a program of systematic drilling whereby the vein structure will be tested every 12.5 metres along strike and vertically.  As the holes will be collared either in or immediately adjacent to the vein structure, holes will be relatively short, in the range of 20-25 metres in length.  At present, it is anticipated that the entire program will comprise approximately 2,600 metres in 112 holes and take about 6 weeks to complete.

‘The underground drilling will be a significant step in the development of the Potrero Project ,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘It is not common that the first drill program on a new project is underground.  However, we are fortunate to have good access to at least some of the mineralization through the historic mine workings and this detailed program will essentially be delineation drilling rather than exploration. With the results of this program, we will gain a very good understanding of the principal mineralized zones such that we can begin putting together a preliminary mine plan .  Follow-on surface drilling can then test the areas between the mine workings in addition to less developed veins like El Capulin and La Estrella that are being sampled for the first time.’

A certain amount of development work will be required in the historic workings to create enough room for the drill setups and make sure that the drillers will have a safe working environment.  This work will begin early in the New Year and will take about one month to complete, with drilling to follow as soon as possible.


Click Image To View Full Size

Figure 1: Location Map of El Potrero gold-silver project in the Sierra madre of Durango State, surrounded by 4 operating mines within 35 km


Click Image To View Full Size

Figure 2: Plan map of north end of El Potrero gold-silver project showing main Dos de Mayo vein, with the Pinos Cuates, Dos de Mayo and La Dura Mines where underground drilling will take place

Figure 3: Screen shot of 3D model of Dos de Mayo vein (purple) in the Pinos Cuates Mine, showing high-grade gold and silver samples (red, yellow and green) and proposed drill holes to test extension of mineralization

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

Systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.  Grab samples, by their nature, are only considered as indicative of local mineralization and should not be considered as representative.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on the development of precious metals projects in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (December 15) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$89,794.92, up by 0.2 percent over 24 hours.

Bitcoin price performance, December 15, 2025.

Chart via TradingView

Bitcoin entered the new week on a cautious footing after a bruising bout of weekend volatility pushed prices back below the US$90,000 level.

The world’s largest cryptocurrency slid roughly 3 percent over the weekend, touching a two-week low near US$87,500 amid thin liquidity before buyers emerged early Monday to lift prices toward the US$89,500–89,700 range. While the rebound helped stabilize sentiment, Bitcoin has so far struggled to reclaim USD 90,000, which has emerged as a key psychological and technical barrier following last week’s pullback.

Going into the week, attention now turns to a packed economic calendar. In the US, non-farm payrolls data due Tuesday and inflation figures scheduled for Thursday are expected to influence expectations for the Federal Reserve’s next policy steps.

MN Capital founder Michaël van de Poppe highlighted the emerging CME futures gap at approximately as a focal point for short-term price action, noting on X that ‘the sweep is already happening on $BTC. It’s great that it’s happening on Sunday, so then Monday will be positive.”

He also pointed to the CME gap as a potential magnet for liquidity and a reference level for rebound scenarios, but cautioned, however, that outcomes are not guaranteed and the current structure does not yet resemble setups associated with extended bearish weeks.

Ether (ETH) was priced at US$3,140.16, up by 1.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.99, down by 1.7 percent over 24 hours.
  • Solana (SOL) was trading at US$132.39, up by 1.2 percent over 24 hours.

Today’s crypto news to know

UK moves to place crypto firms under full regulation

UK officials are preparing legislation that would move crypto companies fully inside the country’s financial regulatory framework.

According to The Guardian, the plan involves putting crypto service providers under regulation like other financial firms, subject to the Financial Conduct Authority’s (FCA) rules on consumer protection, governance, transparency, and market conduct.

Treasury officials say the shift is meant to close long-standing gaps as crypto activity becomes more entwined with mainstream finance rather than operating at the regulatory edges.

Legislation is expected by October 2027 to give firms time to adjust to the more demanding compliance environment.

If enacted, the move would mark a structural change for UK-based crypto startups, which until now have largely operated without full product-level regulation.

HashKey prices Hong Kong IPO at top end with US$206 Million

HashKey Holdings, Hong Kong’s largest licensed crypto exchange, is set to raise about US$206 million after pricing its initial public offering near the top of its marketed range, according to a source familiar with the deal.

The company priced shares at HK$6.68, valuing the exchange operator as it prepares to debut on the Hong Kong Stock Exchange on December 17. HashKey operates across trading, asset management, brokerage, and tokenization, and runs the city’s biggest regulated crypto exchange.

While mainland China continues to warn against crypto speculation, Hong Kong has taken the opposite approach, positioning itself as a regulated gateway for digital finance.

North Korean hackers drain wallets using ‘Fake Zoom’ meetings

North Korean cybercrime groups are using fake Zoom and Microsoft Teams meetings to steal crypto, draining more than $300 million through the tactic so far, according to security researchers.

According to CryptoNews, the scam typically starts with a message from a compromised Telegram account that appears to belong to someone the victim already knows.

Victims are then invited to what looks like a legitimate video call, complete with convincing video feeds that are actually pre-recorded footage.

During the call, attackers claim there is an audio problem and send a supposed software “patch” that installs malware instead. Once installed, the malware can extract passwords, private keys, and internal security data, allowing attackers to empty crypto wallets.

Global crypto thefts have already surpassed US$2 billion this year, with North Korean-linked groups remaining among the most active and sophisticated actors in the space.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The State Department is so far refusing to comment on a growing corruption crisis engulfing the Balkan nation of Albania, a vital U.S. ally in the region. 

Following an Albanian court’s decision to remove Deputy Prime Minister Belinda Balluku from her position on allegations she interfered in two construction bids, socialist Prime Minister Edi Rama took the issue to the country’s Constitutional Court, which on Friday reinstated Balluku until a ‘final decision’ could be made, according to media reports.

The Special Anti-Corruption and Organized Crime Structure (SPAK) issued a criminal indictment against Balluku on Oct. 31, alleging she had been improperly influenced in her decision to favor one company in a tender for the construction of a 3.7-mile tunnel in southern Albania, Reuters reported. SPAK delivered an additional charge for violating rules in a Tirana road construction project on Nov. 21, the date when Balluku was removed from office.

The day before her November court appearance, Balluku told the country’s parliament the accusations against her amounted to ‘mudslinging, insinuations, half-truths and lies.’

As the second member of Rama’s cabinet to face corruption accusations since 2023, her charges have drawn the ire of Rama opponents.

Agim Nesho, former Albanian ambassador to the U.S. and the United Nations, told Fox News Digital that Balluku’s case demonstrates ‘the Rama government shows no sign of assuming moral responsibility or allowing justice the space to act independently. Instead, it appears intent on shielding Ms. Balluku, portraying the judiciary’s actions as an attack on the executive.’

Tirana’s ex-ambassador to Washington argued that ‘influencing the Constitutional Court may be an attempt to set a protective precedent — one that could prove useful if investigators ever seek to involve Mr. Rama himself in their investigations.’

‘It’s becoming increasingly clear that the emperor has no clothes,’ Nesho said, adding that Rama’s rule has amounted to ‘state capture’ as the ‘lack of checks and balances has enabled a recurring system of corruption across multiple of his terms.’

Nesho also claimed that Balluku had pointed to broader involvement of the Rama government in decision-making. Former Deputy Prime Minister Arben Ahmetaj, allegedly on the run after coming under SPAK investigation, has likewise alleged that Rama ‘directed all key decisions on tenders, finances and public assets,’ according to Nesho’s claims.

Ahmetaj’s accusations included allegations that Rama is involved with mafia bosses. Rama responded to these insinuations by saying Ahmetaj ‘should not be taken seriously. Albanian politics is not tainted by the mafia,’ Balkanweb reported.

The U.S. has funded efforts for judicial reforms in Albania to aid its efforts toward accession into the European Union by cutting down on corruption. However, those reforms have led to legal backlogs that have drawn frustration and violence from the public.

Nesho said ‘it is hard to see how a government that behaves like a banana republic gains accession to the EU.’ He said, ‘Albania is a living contradiction in terms of law and order.’ 

While Nesho says Rama’s opposition has been ‘decimated by ‘lawfare’ and the compromising of legal institutions,’ Rama remains in office despite ‘documented multibillion-dollar corruption scandals, documented electoral thefts across multiple voting cycles, and, most concerning, documented links to international drug cartels like the Sinaloa Cartel.’

Allegations that Rama is linked to the Sinaloa Cartel emerged after the prime minister met with Sinaloa-connected Luftar Hysa, who is sanctioned by the U.S. Department of Treasury. Rama told an Albanian news outlet he met with Hysa just once.

With Balluku’s removal, Nesho says ‘public anger is directed not only at [her] but also at the irresponsible conduct of a regime that rules without accountability, abuses public property and finances, and faces no consequences despite society’s reaction.’ 

Nesho said many in the country have given the prime minister the nickname ‘Ramaduro,’ saying it’s ‘a direct comparison to the Venezuelan dictator Nicolás Maduro.’

Rama’s press office told Fox News Digital it declined to comment on Nesho’s allegations against him.

In May 2021, the State Department sanctioned former Prime Minister Sali Berisha over corruption allegations, which forbade him from traveling to the U.S. Fox News Digital asked the State Department whether it had plans to issue similar sanctions against Balluku.

A State Department spokesperson told Fox News Digital, ‘We have no comment on ongoing legal matters.’

The U.S. Embassy in Tirana issued the same response to Fox News Digital when asked whether it would suspend Balluku’s visa as a result of her removal from office.

This post appeared first on FOX NEWS

The Trump administration’s latest offensive move against Venezuela, the seizure of a tanker carrying U.S.-sanctioned oil, has triggered predictable outrage from Venezuelan President Nicolás Maduro’s government. 

But behind the rhetorical fire, analysts say the regime has few practical ways to hit back without doing even more damage to itself.

Experts say that Maduro could target U.S. oil interests in Venezuela, but doing so would almost certainly inflict more pain on his own cash-starved regime than on the United States.

Maduro could also halt U.S.-chartered deportation flights, but again, would be harming his own interests, experts say. 

‘Venezuelans are just leaving the country because of the terrible conditions the regime has created,’ said Connor Pfeiffer, a Western Hemisphere analyst at FDD Action. ‘By having people come back, even if they’re on U.S. charter deportation flights, it kind of counters that narrative.’

Western oil firms have significantly decreased their presence in Venezuela, home to world’s largest proven oil reserves, in recent years due to sanctions. 

But U.S.-owned Chevron does still maintain a license to operate there, on the condition that the Maduro regime does not financially benefit from its operations. Instead, Chevron hands over to Maduro half of its oil production as payment, according to multiple reports.

‘Chevron’s operations in Venezuela continue in full compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government,’ a Chevron spokesperson told Fox News Digital.  

Imports of Venezuelan crude have declined to roughly 130,000 barrels per day (bpd) to 150,000 bpd in recent months, below the nearly 300,000 bpd seen under the prior petroleum licensing regime under the Biden administration. Most of Venezuela’s exports are now routed to Asia, with the bulk ultimately landing in China through intermediaries, according to data from Kplr. 

Despite that flow of crude, analysts say the idea of Caracas striking back at Chevron is more potent as a talking point than as a viable policy option.

Shutting down or seizing the company’s operations would instantly cut off one of the few lifelines still feeding Venezuela’s collapsing oil sector. It also would risk triggering a swift and politically difficult American response, including a full reinstatement of the sanctions relief the regime has quietly relied on.

Pfeiffer noted that the Maduro government has been ‘very supportive of Chevron continuing to operate’ because the arrangement provides tens of thousands of barrels a day of oil with minimal investment from Venezuelan-owned Petróleos de Venezuela, S.A. Other analysts say that reality sharply limits Maduro’s room to maneuver: any attack on Chevron would strike at his own revenue stream first.

Another theoretical lever — military or maritime escalation — is widely viewed as even less credible. Venezuela has taken delivery of small Iranian-built fast attack craft equipped with anti-ship missiles, a fact that has fueled speculation Maduro could threaten U.S. or allied vessels.

But Venezuela’s navy suffers from years of maintenance failures and lacks the ability to sustain operations against American forces deployed in the Caribbean. Any aggressive move at sea would almost certainly invite a U.S. military response the regime is in no position to absorb.

Diplomatically, Caracas could suspend remaining channels with Washington, or file legal challenges in U.S. courts or international forums. Yet previous efforts to contest sanctions-related seizures have gone nowhere, and Venezuela’s relationships in the hemisphere offer limited leverage. 

Regional bodies have little sway over U.S. sanctions law, and even supportive governments in Russia, China, or Iran are unlikely to intervene beyond issuing critical statements. Beijing, now the primary destination for Venezuelan crude, has economic interests at stake but few practical avenues to challenge U.S. enforcement actions.

Absent direct military strikes, cracking down on sanctioned oil exports is one of the most potent ways the U.S. can weaken the regime, according to Pfeiffer. 

‘This is one of his main sources of revenue keeping the regime afloat.’

This post appeared first on FOX NEWS

The Trump administration’s latest offensive move against Venezuela, the seizure of a tanker carrying U.S.-sanctioned oil, has triggered predictable outrage from Venezuelan President Nicolás Maduro’s government. 

But behind the rhetorical fire, analysts say the regime has few practical ways to hit back without doing even more damage to itself.

Experts say that Maduro could target U.S. oil interests in Venezuela, but doing so would almost certainly inflict more pain on his own cash-starved regime than on the United States.

Maduro could also halt U.S.-chartered deportation flights but again would be harming his own interests, experts say. 

‘Venezuelans are just leaving the country because of the terrible conditions the regime has created,’ said Connor Pfeiffer, a Western Hemisphere analyst at FDD Action. ‘By having people come back, even if they’re on U.S. charter deportation flights, it kind of counters that narrative.’

Western oil firms have significantly decreased their presence in Venezuela, home to world’s largest proven oil reserves, in recent years due to sanctions. 

But U.S.-owned Chevron does still maintain a license to operate there, on the condition that the Maduro regime does not financially benefit from its operations. Instead, Chevron hands over to Maduro half of its oil production as payment, according to multiple reports.

‘Chevron’s operations in Venezuela continue in full compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government,’ a Chevron spokesperson told Fox News Digital.  

Imports of Venezuelan crude have declined to roughly 130,000 barrels per day (bpd) to 150,000 bpd in recent months, below the nearly 300,000 bpd imported under the prior petroleum licensing regime under the Biden administration. Most of Venezuela’s exports are now routed to Asia, with the bulk landing in China through intermediaries, according to data from Kpler. 

Despite that flow of crude, analysts say the idea of Caracas striking back at Chevron is more potent as a talking point than as a viable policy option.

Shutting down or seizing the company’s operations would instantly cut off one of the few lifelines still feeding Venezuela’s collapsing oil sector. It also would risk triggering a swift and politically difficult American response, including a full reinstatement of the sanctions relief the regime has quietly relied on.

Pfeiffer noted that the Maduro government has been ‘very supportive of Chevron continuing to operate’ because the arrangement provides tens of thousands of barrels a day of oil with minimal investment from Venezuelan-owned Petróleos de Venezuela, S.A. Other analysts say that reality sharply limits Maduro’s room to maneuver, and that any attack on Chevron would strike at his own revenue stream first.

Another theoretical lever — military or maritime escalation — is widely viewed as even less credible. Venezuela has taken delivery of small Iranian-built fast attack craft equipped with anti-ship missiles, a fact that has fueled speculation Maduro could threaten U.S. or allied vessels.

But Venezuela’s navy suffers from years of maintenance failures and lacks the ability to sustain operations against American forces deployed in the Caribbean. Any aggressive move at sea would almost certainly invite a U.S. military response the regime is in no position to absorb.

Diplomatically, Caracas could suspend remaining channels with Washington or file legal challenges in U.S. courts or international forums. Yet previous efforts to contest sanctions-related seizures have gone nowhere, and Venezuela’s relationships in the hemisphere offer limited leverage. 

Regional bodies have little sway over U.S. sanctions law, and even supportive governments in Russia, China or Iran are unlikely to intervene beyond issuing critical statements. Beijing, now the primary destination for Venezuelan crude, has economic interests at stake but few practical avenues to challenge U.S. enforcement actions.

Absent direct military strikes, cracking down on sanctioned oil exports is one of the most potent ways the U.S. can weaken the regime, according to Pfeiffer. 

‘This is one of his main sources of revenue keeping the regime afloat,’ he said. 

This post appeared first on FOX NEWS

House Republicans have released a 111-page plan for reforming healthcare that they hope to vote on next week.

House GOP leadership aides also told reporters on Friday afternoon that they expected a vote on extending enhanced Obamacare subsidies to also happen next week as part of the amendment process to the final bill, called the ‘Lower Health Care Premiums for All Americans Act.’ The subsidies have been the subject of fierce inter-party debate for Republicans.

‘We expect that there will be an amendment that I believe is being worked on, so the process will allow for that amendment,’ aides said.

The plan as-is includes provisions to codify association health plans, which allow small businesses and people who are self-employed to band together to purchase healthcare coverage plans, giving them access to greater bargaining power.

Republicans also plan to appropriate funding for cost-sharing reductions beginning in 2027, which are designed to lower out-of-pocket medical costs in the individual healthcare market. House GOP leadership aides said it would bring down the cost of premiums by 12%.

New transparency requirements for pharmacy benefit managers (PBMs) are also in the legislation, aimed at forcing PBMs to be more upfront about costs to employers.

PBMs are third parties that act as intermediaries between pharmaceutical companies and those responsible for insurance coverage, often responsible for administrative tasks and negotiating drug prices.

PBMs have also been the subject of bipartisan ire in Congress, with both Republicans and Democrats accusing them of being part of a broken system to inflate health costs.

But the most divisive measure for Republicans is likely not yet fleshed out. 

A majority of House Republicans are against extending the enhanced Obamacare subsidies, which were designed to get affordable health insurance for more Americans during the COVID-19 pandemic.

Democrats voted to pass the enhanced subsidies in 2021 and extended them through 2022 when they controlled Congress.

A group of moderate House Republicans has joined Democrats now in vehemently pushing for those subsidies to be extended again, as millions of Americans face near-certain healthcare price hikes beginning in January.

Two separate bipartisan efforts have been launched to force a vote on extending the subsidies in some form. But any such push would require support from virtually all House Democrats to succeed, and their leaders have not given their blessing to either plan.

‘We’re going to evaluate every single good faith proposal. But it has to meaningfully provide certainty to the American people who are at risk of having their health care ripped away from them,’ House Minority Leader Hakeem Jeffries, D-N.Y., told reporters on Friday.

But conservatives have warned they would not support any such extension unless paired with significant reforms to what they view as a long-broken system that fuels healthcare price inflation.

‘I think that would be a disastrous plan. I mean, we’ve clearly seen that Obamacare is the Titanic. It’s going down. I think throwing money after it is just going to be wasteful,’ House Freedom Caucus member Rep. Eric Burlison, R-Mo., told Fox News’ Chad Pergram on Friday.

This post appeared first on FOX NEWS

A top Senate Republican argued that if allegations against ‘Squad’ member Rep. Ilhan Omar, D-Minn., that she married her brother to enter the U.S. were true, she’d be breaking several laws.

Sen. Ted Cruz, R-Texas, joined the long-standing scrutiny against Omar Friday after President Donald Trump revived the allegations during a rally pushing his affordability agenda in Pennsylvania earlier this week.

In a post on X responding to a White House social media account that charged, ‘Yes, [Omar] married her brother,’ Cruz listed a trio of federal and state laws the progressive lawmaker may have violated.

‘If this is true, then Omar faces criminal liability under three different statutes,’ Cruz said.

Cruz argued that Omar could have committed federal marriage fraud, which stipulates that it is a felony to knowingly enter into a marriage to evade immigration laws, and could lead to up to five years in prison, a $250,000 fine and deportation.

Omar was born in Somalia and came to the U.S. in 1995 after her family was granted asylum. She became a citizen in 2000. Omar, who is Muslim, has been married legally three times, first in a religious marriage to Ahmed Abdisalan Hirsi in 2002, then to Ahmed Nur Said Elmi in 2009 before later divorcing and legally marrying Hirsi. In 2020, she married political aide Tim Mynett. 

Cruz noted that Omar could also be breaking Minnesota’s state incest law, a felony in the state punishable by jail time up to 10 years. He also contended that she could be liable for tax fraud, specifically if joint tax returns were filed while she was not legally married.

That violation would levy up to a $100,000 fine and up to three years in prison.

The Senate Republican’s legal analysis of the situation comes after Trump resurrected the unsubstantiated claims that Omar had married her brother for immigration purposes that have dogged the lawmaker since she entered politics nearly a decade ago. She has denied the allegations.

Still, Trump charged, ‘She married her brother to get in, right?’

‘If I married my sister to get my citizenship, do you think I’d last for about two hours or something less than that? She married her brother to get in,’ he said. ‘Therefore, she’s here illegally. She should get the hell out.’

Fox News Digital did not immediately hear back for comment from Omar’s office.

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GOP House Oversight Committee Chairman James Comer said he plans to commence contempt of Congress proceedings against Bill and Hillary Clinton for ignoring the committee’s subpoenas related to its ongoing probe into the Jeffrey Epstein scandal. 

In July, a bipartisan House Oversight Subcommittee approved motions to subpoena Bill and Hillary Clinton and a slew of other high-profile political figures to aid its investigation looking into how the federal government handled Epstein’s sex trafficking case. 

The subpoenas were then sent out in early August, and the Clinton’s were scheduled to testify Dec. 17-18. 

‘It has been more than four months since Bill and Hillary Clinton were subpoenaed to sit for depositions related to our investigation into Jeffrey Epstein and Ghislaine Maxwell’s horrific crimes. Throughout that time, the former president and former secretary of state have delayed, obstructed, and largely ignored the committee staff’s efforts to schedule their testimony,’ Comer said in a press release issued Friday evening.

‘If the Clintons fail to appear for their depositions next week or schedule a date for early January, the Oversight Committee will begin contempt of Congress proceedings to hold them accountable.’

Comer’s threats come as Democrats from the House Oversight Committee released a new batch of photos obtained from Epstein’s estate, which included further images of the disgraced financier with powerful figures like President Donald Trump and former President Bill Clinton. Thousands of images were reportedly released, with potentially more to come.

Other high-profile figures subpoenaed by the Oversight Committee include James Comey, Loretta Lynch, Eric Holder, Merrick Garland, Robert Mueller, William Barr, Jeff Sessions and Alberto Gonzales.

In addition to testimony from these individuals, Comer and the Oversight Committee issued subpoenas to the Department of Justice (DOJ) for all documents and communications pertaining to the case against Epstein.

In September, the committee released tens of thousands of pages of Epstein-related records in compliance with the subpoena, and the Oversight Committee indicated the DOJ would continue producing even more records as it works through needed redactions and other measures that must occur before they are released.

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James Boasberg, the chief judge of the United States District Court for the District of Columbia and a Biden appointee, is a judicial disgrace. Boasberg’s recent rulings show he is unfit for the bench.

His repeated abuse of judicial power, whether undermining national security, releasing violent threats, or enabling unlawful surveillance, demonstrates a blatant disregard for the Constitution and a dangerous partisan agenda that disqualifies him from holding a lifetime appointment.

The time has come for the House of Representatives to do its job and impeach him.

The Constitution fixes the term of service for a judge as ‘during good Behaviour.’ The Constitution also dictates that impeachment is proper for ‘high crimes and misdemeanors.’  House Democrats in 2020 argued an official can get impeached for an abuse of power even without a statutory crime, setting an important precedent. The Constitution draws no distinction between the requirements for impeaching Executive Branch and Judicial Branch officials. What is good for the Executive Branch goose is just as good for the Judicial Branch gander, so the House should not hesitate to pursue a judicial impeachment.

Boasberg’s first act of misconduct occurred during a judicial conference. During the earliest stages of President Trump’s second term, Boasberg expressed the view to Chief Justice John Roberts that President Trump would not follow court orders. The President has not violated a court order. Boasberg’s claim had no basis and was plainly partisan. Boasberg baselessly told Chief Justice Roberts that Trump wouldn’t follow court orders, an unfounded partisan claim that undermines any expectation of impartiality.

Tren de Aragua is a barbaric international state-sponsored terrorist organization from Venezuela. MS-13 is an animalistic gang based in El Salvador.  Thousands of these gang members have come to the United States and perpetrated horrific acts. In March, the Trump administration deported hundreds of these barbarians to El Salvador, where they were sent to a maximum security prison. Boasberg issued a highly illegal and dangerous order directing the government to turn around planes as they were in international airspace, flying over the Gulf of America. In doing so, Boasberg exposed an ongoing military operation and gave an order that could have endangered Americans.

Why would we have security in place in the United States to deal with an unexpected influx of hundreds of dangerous terrorist, because some rabidly partisan judge just illegally opened his courtroom and stunningly attempted to sabotage an ongoing military operation? Rather, the security footprint was in El Salvador—hundreds of military, intel, and law-enforcement officials—where the terrorists were expected to land. There was also a serious risk to the personnel on the planes, given that they had a limited fuel supply and were in the middle of the Gulf of America. Boasberg showed a blatant disregard for these serious risks in issuing a highly illegal and dangerous order that he lacked jurisdiction to give.

The planes landed in El Salvador, and Boasberg began contempt proceedings. Even after a D.C. Circuit panel rejected his reasoning, Boasberg pressed ahead, ordering the administration to detail its deliberations that March day. The Justice Department is objecting, asserting that Boasberg is violating the foundational principle of separation of powers by having executive branch officials illegally divulge privileged internal discussions.

Moreover, Boasberg played a key role in Operation Arctic Frost—one of the most dangerous spy scandals in our history. Biden Special Counsel Jack Smith, a political scud missile sent to take out President Trump via lawfare with the full blessing of Biden and his Justice Department, subpoenaed the phone records of nearly a dozen U.S. senators. Boasberg issued a gag order preventing the phone companies from disclosing the information for a year. With no basis, he reasoned that disclosure could lead to destruction of evidence and witness intimidation. The relevant statute, 2 U.S.C. § 6628, explicitly requires disclosure to the Senate when such spying occurs. Boasberg now is attempting to weasel his way out of this jam, claiming that he did not know that Smith was seeking the senators’ records. Either Boasberg is lying, or he was an illegal rubber stamp who signed whatever Smith put under his nose. It is disgraceful, and Boasberg, citing the same separation-of-powers claim that the Justice Department is using in the contempt proceeding, refused to testify before the House Judiciary Committee last week.

Finally, Boasberg has shown a flippant concern for the security of President Trump. Nathalie Rose Jones is a deeply disturbed woman. She made a social media post threatening to disembowel President Trump. She admitted to the post when the Secret Service visited her. Then, Jones attended a protest and was spotted near the White House carrying a knife. Authorities arrested her, and even Democrat-appointed U.S. Magistrate Judge Moxila Upadhyaya, exercising the most basic level of common sense, ordered her held without bail. Then, Boasberg stepped in and overruled Upadhyaya, releasing Jones to go home with an electronic monitor.

Boasberg has not simply issued a ruling with which conservatives disagree. Boasberg instead has engaged in a pattern of impeachment-worthy behavior—extremely lawless and dangerous partisan rulings—that shows no signs of ending. He is bolder than ever, refusing to testify before Congress and proceeding merrily along with his absurd contempt vendetta. The House disgraced itself with two impeachments of President Trump. It is time for the House to redeem itself by bringing reason back to the impeachment process. Boasberg is a more-than-worthy candidate, and the House should impeach him before they go home for the year.

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