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At least 40% of Russia‘s oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers, according to Reuters calculations based on market data.

The shutdown is the most severe oil supply disruption in the modern history of Russia, the world’s second largest oil exporter, and has hit Moscow just as oil prices exceeded $100 a barrel due to the Iran war.

Russia’s oil output is one of the main sources of revenue for the national budget and is central to the $2.6 trillion economy.

An oil tanker moored in Novorossiysk, Russia, in 2022.AP

Ukraine intensified drone attacks on Russia‘s oil and fuel export infrastructure this month, hitting all three of Russia‘s major western oil export ports, including Novorossiysk on the Black Sea and Primorsk and Ust-Luga on the Baltic Sea.

According to Reuters calculations, about 40% of Russia‘s crude oil export capabilities — or around 2 million barrels per day, were shut as of Wednesday after the most recent attack.

That includes Primorsk and Ust-Luga as well as the Druzhba pipeline, which runs through Ukraine to Hungary and Slovakia.

Kyiv has also targeted pipeline oil pumping stations and refineries. Kyiv says it aims to diminish Moscow’s oil and gas revenue, which accounts for around a quarter of Russia‘s state budget proceeds, and weaken its military might.

Russia says the Ukrainian strikes are terrorist attacks and has tightened security across its 11 time zones.

Firefighters extinguish a blaze at a chemical transport terminal at Russia’s Ust-Luga port on Jan. 21, 2024. Local media reported that Ukrainian drones attacked the port.Telegram Channel of head of the Kingisepp district via AP

Ukraine said that part of the Druzhba pipeline was damaged by Russian strikes at the end of January, while both Slovakia and Hungary demanded Kyiv restart the supplies immediately.

The Novorossiysk oil terminal, which can handle up to 700,000 bpd, has been loading oil below plan since damage from a heavy Ukrainian drone attack early this month.

In addition, frequent seizures of Russia-related tankers in Europe have disrupted 300,000 bpd of Arctic oil exports flowing from the port of Murmansk, traders said.

With its westward export routes under fire, Moscow must rely on oil exports to Asian markets, but those routes are limited due to capacity, traders said.

Russia continues uninterrupted supplies via pipelines to China, including the Skovorodino-Mohe and Atasu-Alashankou routes, as well as ESPO Blend exports by sea via the port of Kozmino.

Together, the three routes account for some 1.9 million bpd of oil.

Russia also continues to load oil from its two far eastern Sakhalin projects, shipping about 250,000 bpd from the island.

Traders also say that Russia is supplying the refineries in neighboring Belarus with around 300,000 bpd of oil.

U.S. stocks surged Monday, after President Donald Trump announced that he was postponing all military strikes on Iranian power plants for a five-day period.

Trump said the U.S. and Iran had engaged in what he called “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”

Reporting about the nature and timing of these “conversations” evolved over the course of the day, and included conflicting accounts from various stakeholders.

But for markets, the talks offered a glimmer of hope that a path toward the de-escalation of the conflict — and the oil crisis it created — were within reach.

Iranian state media responded to Trump’s post by saying the U.S. president has “backed down” after Iran’s firm response.

Trump, however, said that Iran had “called” to discuss trying to resolve the war diplomatically.

“They want to make a deal, and we are very willing to make it,” Trump told reporters before boarding Air Force One in Florida.

The Strait of Hormuz, a crucial transit point for global oil supplies, could be “open very soon,” Trump added, but he provided few details.

Experts and analysts quickly pointed out that even if the fighting were to end this week, it would still take months for the strait to reopen.

The S&P 500 and Nasdaq 100 futures initially soared about 3% on Trump’s post shortly after 7 a.m. ET. By the time the closing bell rang, both indexes still recorded significant gains, but less than futures had indicated early in the morning. The S&P 500 closed up 1.1% and the Nasdaq Composite ended the day higher by 1.4%.

The gains were also broad based, with every S&P sector ending the day higher.

The Dow Jones Industrial Average also shot higher immediately after Trump’s statement. By the end of the trading session, the Dow was higher by 631 points, and the Russell 2000 index closed up 2.7%.

It was the best day for the S&P, Nasdaq and Dow since Feb. 6.

Oil prices plunged around 11% and U.S. crude oil settled for the day at $88.13 per barrel. International Brent crude oil fell to $99.94 per barrel, settling under $100 per barrel for the first time since March 11.

Still, crude oil prices have risen more than 30% since the war began on Feb. 28, and more than 50% since the start of the year.

Trump’s Monday announcement on social media came after the president on Saturday said that he had given the Iranian regime 48 hours to “fully open, without threat, the Strait of Hormuz.” That ultimatum was set to expire Monday night.

U.S. natural gas prices dropped 6% Monday, European natural gas futures slid 9% and heating oil prices dropped 12%. Heating oil futures can also be a proxy for the price of jet fuel.

U.S. Treasury bonds also rose in the minutes after Trump’s comments, and the yields which guide borrowing rates for consumers dropped after posting big moves higher on Thursday and Friday on rising inflation fears stemming from soaring energy prices. Yields were down only slightly in mid-morning trading after the statements from Iranian media and Trump.

Investors were already grappling with how to trade headlines about the war before Monday’s volatility.

“Investors have two related problems in pricing risks around the Gulf war,” UBS economist Paul Donovan said in a note on Monday before Trump’s post. “Statements from top U.S. administration officials give different and at times contradictory assessments of the war; in the absence of measurable objectives, this is all markets have to respond to. The result is volatility.”

The two pilots killed in the collision between a passenger jet and a Port Authority fire truck at New York’s LaGuardia Airport late Sunday have been identified as Antoine Forest and Mackenzie Gunther.

The pair have yet to be officially named by authorities, who have said only that both pilots of the Canada Air Express plane died and that they were based in Canada. Their identities were confirmed by Canadian news reports and by a college that one pilot attended.

Antoine Forest, one of the pilots who reportedly died in the LaGuardia plane collision.via Facebook

The Federal Aviation Administration, the National Transportation Safety Board and other agencies are investigating the crash. They will seek to determine how the truck was able to cut across the jet’s path moments after it touched down on the runway.

Here’s what we know about the fatal crash.

At a news conference Tuesday afternoon, NTSB officials released preliminary information gleaned from the final three minutes of the plane’s cockpit voice recorder that showed that the fire truck was cleared to cross the runway 20 seconds before the crash.

At 2 minutes and 22 seconds, the flight crew checked in with the tower at LaGuardia, said Doug Brazy, NTSB’s senior aviation investigator.

At 2 minutes and 17 seconds, the tower cleared the airplane to land on Runway 4.

Brazy said that at 1 minute and 3 seconds, an airport vehicle made a radio transmission to the tower but that the transmission was “stepped on” by another radio transmission. NTSB Chairwoman Jennifer Homendy said that means there was some sort of interference with the transmission.

At 54 seconds, the tower advised the flight crew that the plane was at a stable approach, Brazy said.

At 40 seconds, the LaGuardia tower asked which vehicle needed to cross a runway. Brazy said the fire truck made a transmission to the tower, which the tower acknowledged. At 25 seconds, the truck requested permission to cross Runway 4. Brazy said that at 20 seconds, the tower cleared the truck to cross.

At 17 seconds, the fire truck read back the runway crossing clearance, he said. According to Brazy, the tower instructed a Frontier Airlines flight to hold position, and at 9 seconds, the tower told the fire truck to stop.

At 8 seconds, there was a sound consistent with the airplane’s landing gear touching down on the runway, he said. At 6 seconds, there was a pilot transfer of controls. Homendy told reporters that the first officer was flying the plane and transferred control to the captain.

At 4 seconds, the tower again instructed the fire truck to stop, Brazy said.

WASHINGTON — On Sunday, Senate Majority Leader John Thune, R-S.D., discussed an off-ramp with President Donald Trump to reopen TSA and end the long lines and delays at airports.

It would fund all of the Department of Homeland Security except for ICE, which Democrats have refused to support without new limitations on immigration enforcement operations, two sources with knowledge of the conversation told NBC News.

White House aides initially conveyed the idea to Trump and, after that briefing, Thune spoke with the president, the two sources said. Thune discussed the idea with Republicans on Capitol Hill, one of the sources said. The second source said it’s seen by numerous Republicans as a viable path to break the logjam.

ICE would be funded separately by Republicans in a party-line “reconciliation” bill that can pass without the need for any Democratic support later in the year.

The Department of Homeland Security has been shut down for more than a month, and while key operations, such as TSA and the Federal Emergency Management Agency, are still operating, many of those employees are working without pay. As NBC News reported this weekend, more than 400 TSA officers have quit since the shutdown began. Immigration and Customs Enforcement is also shut down, but its employees are being paid through Trump’s big beautiful bill passed last year.

Republicans believe that the off-ramp Trump and Thune discussed would win support from Democrats, who have offered to fund noncontroversial parts of the Department of Homeland Security on the Senate floor while the two parties continue to negotiate on immigration.

But Trump rejected it — as he made clear in a Truth Social post Sunday night.

“I don’t think we should make any deal with the Crazy, Country Destroying, Radical Left Democrats unless, and until, they Vote with Republicans to pass ‘THE SAVE AMERICA ACT,’” Trump wrote, while instead calling on Republicans to “Kill the Filibuster, and stay in D.C. for Easter, if necessary.”

Trump’s first two ideas aren’t viable. Democrats are determined to sink the SAVE America Act, which doesn’t have enough support to pass. And Republicans have made clear they lack the votes to nuke the filibuster. They may, however, cancel recess if there’s still no deal by the end of this week.

The conversation with Thune and Trump was first reported by Punchbowl News.

Speaking Monday in Memphis, Tennessee, the president doubled down on his demands to pair Homeland Security funding with the voting bill.

“You don’t have to take a fast vote. Don’t worry about Easter, going home. In fact, make this one for Jesus. OK, make this one for Jesus,” Trump said, adding: “The most important part of homeland security is voter ID and proof of citizenship. Nobody can vote on Homeland Security without voter ID or proof of citizenship.”

Senate Minority Leader Chuck Schumer’s office said that Democrats will again seek unanimous consent to fund just the TSA on the Senate floor Monday, for the eighth time.

Republicans have so far rejected those stand-alone bills.

If Trump were to change his mind and accept the Thune-GOP idea, it carries benefits for both parties. For Republicans, they could avoid giving into Democratic demands, such as requiring immigration enforcement officers to remove their masks and requiring judicial warrants to conduct raids. For Democrats, they could keep their fingerprints off ICE funding, which has become toxic with their base since Homeland Security agents killed protesters Alex Pretti and Renee Good in Minneapolis.

“We can be out of this shutdown by the end of the week,” Sen. John Kennedy, R-La., said Sunday. “Here’s what we do. The Democrats are amenable to opening up everything at DHS but ICE. We should accept that. The very next day, we should file a budget resolution through reconciliation that funds ICE as we deem appropriate. We don’t need Democratic votes to do that.”

Democrats are also planning to seize on the Trump social media post to argue that he owns the shutdown and travel chaos.

Reconciliation bills are arduous, requiring near-unanimous support among Republicans, especially given the tiny House majority. There has been deep skepticism that the party could pull it off, even if it tried. But needing to fund an agency like ICE would raise the impetus to use that path.

Under the “big, beautiful bill” passed by Republicans last year, ICE received a cash infusion of about $75 billion for the next four years to help carry out Trump’s mass deportation program.

The path comes with another possible upside for the White House: Some Trump allies have proposed reconciliation to approve supplemental funding for Trump’s war in Iran. It’s not clear that could win enough Democratic support.

Philadelphia County District Attorney Lawrence Krasner criticized the Trump administration for dispatching ICE agents to airports to assist TSA officers who have gone unpaid for weeks amid a Democrat-forced funding lapse at the Department of Homeland Security.

Krasner, a Democrat whose campaigns received funds tied to left-wing Hungarian-American billionaire George Soros, has criticized President Donald Trump and DHS for months over their immigration enforcement measures and previously threatened to “hunt down” ICE agents he believed violated city laws if there were to be a Minnesota-style situation in Pennsylvania.

On Tuesday, Krasner spoke from the airport, saying Trump administration officials have tried to confound the public and agents themselves as to what is legal behavior and what is not.

Krasner said he will not accept any phone calls from President Donald Trump asking for leniency:

IGNORED ICE DETAINERS ‘PUT LIVES AT RISK,’ DHS SAYS, TARGETING NEWSOM, PRITZKER, HEALEY

“The president cannot pardon you and yes I will put you in handcuffs, and I will put you into a courtroom, and if necessary, I will you put you a jail cell if you decide to make the terrazzo floor of this airport anything like what you did in the streets of Minneapolis,” Krasner said, addressing agents.

He claimed that situation involved “the criminal homicide of unarmed, innocent people” and that Philadelphia would not accept such actions.

“My job is to enforce the law: so this is how that works — because I know there have been efforts to confuse you, including by the Vice President of the United States. This is how it works. You commit crimes within the jurisdiction that is the city and county of Philadelphia, I prosecute you.”

Vice President JD Vance declined to comment. But, the White House lambasted separate comments from Krasner as he stood in front of a “Wooder Ice” mural for a video message.

Backed by ominous music, Krasner said Philadelphians enjoy Water Ice because it “doesn’t break the law [nor] bother us at an airport.” The “Rapid Response 47” team called Krasner’s video “sick and deranged,” adding, “If you don’t like it, Larry, tell your fellow Democrats to fund DHS.”

Krasner also noted during his airport remarks that there are law-abiding agents within DHS ranks.

FETTERMAN SLAMS DEMOCRATIC ‘MESS’ AS TSA WORKERS MISS PAYCHECKS DURING DHS SHUTDOWN

“I have a message for the good people, and there are a lot of good people [in] ICE… Keep your oath. Uphold the United States Constitution. Uphold the laws. It does not matter whether I personally approve of policies that you are following,” Krasner began, adding he believes DHS’ “mass deportations” are “immoral.”

“To any agent who might think of doing in an illegal way, I’ll be seeing you in court and you’re not going to like it because a Philly jury is not going like what you did if it is illegal.”

When a reporter appeared to mention that the city cannot instruct ICE agents, Krasner said he is not suggesting Immigration and Naturalization Services (INS) agents or ICE should not be present in Philadelphia, but that there appears to be “sort of an escalation” in the novel concept of using ICE to do the work of TSA.

DEMOCRATS BROKE AIRPORT SECURITY. NOW THEY’RE CALLING THE SOLUTION DANGEROUS

Krasner claimed ICE’s presence at airports and elsewhere has given foreigners cold feet.

He said the city saw 2,000 hotel rooms canceled for FIFA’s World Cup in June, and that he heard from Scottish fans that they would stay home because of high gas prices, airline ticket prices and the idea that their brogue could make them a target for ICE.

“There are Scottish soccer fans who do not want to come here for fear their accent will be overheard and they’re going to get a bunch of grief from ICE agents in the airports, which they’ve never experienced before. This is a direct economic hit to FIFA and all the cities where it applies. This is a direct economic hit to the city of Philadelphia.”

“It is just one more thing that this president is doing to basically wreck our economy. I wish he wouldn’t do it. Having said that, I cannot blame an ICE agent who is following orders, has come here and is standing in the corner, basically doing nothing,” he said, calling ICE’s work as TSA agents “stupid but lawful.”

Krasner’s comments come as other top Democrats have lambasted ICE’s presence in airports, including remarks from one senator who claimed people will die because of them.

“ICE agents at airports will only aggravate delays & lines — disrupting checks, interrogating travelers, dragging parents from children, detaining citizens, brutalizing families, shooting & even killing,” Connecticut Sen. Richard Blumenthal wrote on X.

“Brutal, lawless tactics common in communities across the country by masked, unidentified agents, violating basic rights — no way to help TSA or travelers,” he continued.

House Minority Leader Hakeem Jeffries of New York added separately that the last thing “the American people need is for untrained ICE agents to be deployed at airports all across the country, potentially to brutalize or in some instances kill them.”

“We have already seen how ICE conducts itself,” Jeffries continued. “These are untrained individuals when it comes to doing the current job they have, for the most part, let alone deploying them in close proximity in highly sensitive situations at airports across the country,” the East New York lawmaker added.

Fox News Digital reached out to DHS for comment.

Fox News Digital’s Elaine Mallon contributed to this report.

Congressional Democrats are pressing the Republican-controlled House to subpoena Corey Lewandowski — former Department of Homeland Security Secretary Kristi Noem’s top advisor — over his alleged role in a controversial border security ad campaign that prompted bipartisan criticism.

House Judiciary Committee ranking member Jamie Raskin, D-Md., and Rep. Joe Neguse, D-Co., sent a letter to House Judiciary Committee Chairman Jim Jordan, R-Ohio, on Wednesday demanding the committee launch an investigation and require Lewandowski to sit for a deposition.

The lawmakers argue the matter is an urgent taxpayer oversight issue and want Jordan to compel witness testimony and documents related to Lewandowski’s influence over the ad campaign.

“We urge you to use the Committee’s subpoena power to compel production of documents and communications regarding Mr. Lewandowski’s role in awarding these contracts and require Mr. Lewandowski to appear before the Committee for a deposition,” the Democratic lawmakers wrote. “Mr. Lewandowski was at the center of the Department’s advertising spending and is the person best positioned to explain how a quarter of a billion dollars in taxpayer money was spent.”

DHS DEFENDS MCLAUGHLIN AFTER ALLEGATIONS HUSBAND’S COMPANY PROFITED MILLIONS FROM AD CONTRACTS: ‘BASELESS’

The DHS ad campaign that prominently featured Noem — including a scene of the former secretary on horseback at Mount Rushmore — upset some GOP lawmakers, who voiced concerns about whether there was a competitive bidding process and whether the infomercials were a smart use of taxpayer dollars.

Lawmakers in both chambers grilled Noem on the topic during back-to-back hearings earlier in March, during which she testified under oath that the ad campaign had been approved through the standard competitive bid process and disputed that its purpose was to boost her public profile. 

Noem also told members of Congress that Lewandowski had “no” role in signing off on DHS contracts, but Raskin and Neguse point to reporting that appears to show the top advisor approving numerous contracts at the department.

WATCH THE MOST VIRAL MOMENTS AS KRISTI NOEM’S HEARING GOES OFF THE RAILS

In the letter, the Democratic lawmakers singled out three businesses that received the $220 million ad contract, which multiple reports have found bypassed the traditional competitive bidding process.

Noem also claimed under oath that the ad campaign had President Donald Trump’s approval only for him to contradict her testimony in an interview with Reuters.

Raskin has accused Noem of perjury and has recommended that criminal charges be brought against the secretary for lying to Congress.

The Democrat-authored letter comes as Jordan has expressed concern about the ad campaign’s $220 million price tag. The lawmakers reference Jordan telling the New York Post earlier in March that “we’ll take a look at it.”

The House Homeland Security Committee has also said it is probing the controversial ad blitz.

Noem has since started a new role as special envoy to the Shield of the Americas, where she is expected to focus on immigration and border security issues.

Fox News Digital reached out to Jordan for comment.

The U.S. Federal Communications Commission (FCC) is moving to block new foreign-made internet routers from entering the U.S. market, citing mounting concerns that overseas supply chains could expose American networks to cyber threats inside their own homes. 

The move expands the agency’s “covered list,” which bars equipment deemed to pose an unacceptable risk to national security and will effectively prevent new foreign-manufactured routers from being authorized for sale in the U.S. 

The order means new routers must be built in the United States or clear a national security review that scrutinizes ownership, supply chains and software control to be sold domestically.

“Effectively, the FCC would ban all new routers, because there are no domestic routers that meet that standard today,” Matt Wyckhouse, founder and CEO of cybersecurity firm Finite State, told Fox News Digital Wednesday. “There’s no one who can clear the bar right now.”

LAWSUIT CLAIMS SECURITY CAMERAS SOLD IN THE US CARRIED UNDISCLOSED SURVEILLANCE RISKS

The list includes communications equipment and services considered “to pose an unacceptable risk to the national security of the United States or the safety and security of United States persons,” the FCC said.

The agency warned that “malicious actors have exploited security gaps in foreign-made routers to attack American households, disrupt networks, enable espionage, and facilitate intellectual property theft,” citing multiple cases in which such devices were used in cyberattacks targeting U.S. infrastructure.

The rule applies broadly to devices produced outside the country but largely targets routers with Chinese origins. The world’s networking hardware supply is largely dependent on China for manufacturing and engineering.

Estimates in recent years indicate that devices with significant Chinese supply chain ties account for the majority of home routers used in the U.S.

TP-Link, a China-founded router manufacturer and one of the top-selling brands on Amazon, has faced growing scrutiny in Washington amid cyber incidents and broader concerns about foreign-linked networking equipment.

“Because nearly every manufacturer in this sector produces hardware abroad or relies on a global supply chain, this new requirement will set a bar for the entire industry,” a TP-Link spokesperson told Fox News Digital, calling the rule a “positive step” toward making the router industry more secure. “TP-Link has been committed to making further investments in America and has already been planning to establish U.S.-based manufacturing to complement our existing company-owned facilities in Vietnam.”

GOOGLE DISMANTLES 9M-DEVICE ANDROID HIJACK NETWORK

A review of router manufacturing and supply chains by Fox News Digital indicates that nearly all major router brands sold in the United States depend extensively on Chinese manufacturing, engineering talent or components, even when marketed as American or allied products.

Companies that have shifted production to countries like Vietnam often still rely on Chinese-owned manufacturers and engineering teams, meaning the supply chain footprint remains largely unchanged.

Core elements of router development — including firmware and hardware design — are frequently supported by engineering teams based in China, raising concerns about vulnerabilities within widely used networking equipment.

“The country where a device is manufactured does not necessarily determine the security of that product,” said Wyckhouse. “There’s a pretty large global supply chain involved — from chipsets to software to final assembly.”

FCC ANNOUNCES BAN ON NEW CHINESE-MADE DRONES OVER NATIONAL SECURITY CONCERNS

Those risks have already surfaced in real-world cyber operations.

In 2023, the Justice Department disrupted a network of hundreds of compromised U.S. home and small-business routers that had been hijacked by Chinese state-backed hackers known as “Volt Typhoon.” The infected devices were used to conceal the origin of cyberattacks targeting critical infrastructure, allowing malicious traffic to appear as if it came from inside the U.S.

By routing activity through compromised devices, hackers can make attacks harder to trace and maintain access inside targeted networks.

A single router often connects dozens of devices inside a home or small business, including phones, laptops, security cameras, smart TVs and baby monitors. A compromised device can give attackers visibility into network traffic and provide a foothold to move across connected systems or launch additional attacks.

U.S. officials say the broader campaign targeted sectors including energy, water, telecommunications and transportation, part of an effort to establish access that could be used to disrupt systems during a future conflict.

The FCC’s move is the latest step in a broader push in Washington to reduce reliance on foreign — and particularly China-linked — technology across critical sectors, including telecommunications equipment, semiconductors and consumer applications.

Supporters of the policy say it addresses long-standing supply chain risks and reduces the chances of foreign adversaries gaining access to U.S. networks. But the rule could strain supply chains and push up prices, given that most routers sold in the U.S. are manufactured overseas.

Wyckhouse said there are no domestic suppliers for all products involved in router manufacturing.

 “This will definitely increase prices,” he said. “Companies will have to invest in U.S. manufacturing or retool existing operations, and that’s a major cost shift.”

The policy does not apply to routers already legally purchased or currently in use. Companies can continue selling routers that are already in the U.S. and previously approved, but once that inventory runs out, new foreign-made models would be effectively blocked unless they pass a national security review.

The rule does not mean routers already in American homes are known to be compromised. But cybersecurity officials have long warned that outdated or unpatched devices can be vulnerable, and in some cases have been used as part of larger botnet networks that support cyberattacks.

“The primary problem with routers is not where they’re made, it’s that consumers don’t update them,” said Wyckhouse. “It’s far more important to choose a router that updates automatically than one marketed as a U.S. product.”

The Chinese Embassy and relevant router companies could not immediately be reached for comment. 

Venezuelan political leader María Corina Machado is pitching her country as a top U.S. oil partner and “beacon of hope and wealth creation for this hemisphere” after she said the Trump administration’s arrest of former dictator Nicolás Maduro has opened up a “new era” of free markets.

Addressing several thousand oil and energy executives at the CERAWeek conference in Houston, Machado, who until recently lived in the U.S. as a political exile, predicted that Venezuela will soon be a critical contributor to U.S. prosperity.

She thanked President Donald Trump and Energy Secretary Chris Wright for laying the groundwork for a “new chapter” in Venezuela, which she said will greatly benefit the U.S. She touted Venezuela’s energy potential, calling its reserves the “largest proven oil reserve in the world” and its natural gas supply the seventh-largest globally.

“For decades, all this was locked away by ideology and corruption; that time is ending,” she said, adding, “A new era has already begun with an upside of a completely different order of magnitude.”

TRUMP ENERGY CZAR SAYS IRAN CONFLICT GAS SPIKE IS ‘TEMPORARY BLIP’ AS DRILLING PUSH RAMPS UP

Machado said that since the Trump administration’s covert operation to topple the socialist Venezuelan dictator, “important steps have been taken to re-engage Venezuela’s oil and gas sector and begin addressing years of institutional decline and corruption.” She predicted that Venezuela would soon “turn from the criminal hub of the Americas” and instead become a “driving force in the global energy sector.”

“After Jan. 3, we finally feel that freedom is at the threshold; we are there,” she said.

ENERGY SEC CHRIS WRIGHT TO HEADLINE CERAWEEK 2026 AMID UNPRECEDENTED ENERGY STRAIN

Though current Venezuelan President Delcy Rodríguez is a lieutenant of Maduro, Machado predicted that the next election, which she said will likely be at least nine months away, will show “overwhelming” support for democratic free-market capitalism. She vowed that the government would “get out of the way,” saying, “We have learned the cost of socialism… We want open markets.”

“It takes at least nine months, or 40 weeks, from a technical perspective to have perfect, free and fair elections. But they will take place. And when they do, you will see the awakening of a country that will turn into the beacon of hope and wealth creation for this hemisphere.”

TRUMP TURBOCHARGES US ECONOMIC COMEBACK AS SOCIALISM KEEPS FAILING WORLDWIDE

After her address, Machado received a standing ovation from the auditorium full of oil and energy leaders. On a panel discussing her speech, S&P Global Vice Chairman Daniel Yergin said Machado “answered a lot of the questions” that energy executives had.

However, another panelist, Luisa Palacios, a senior research scholar at the Center on Global Energy Policy, said Venezuela still has a “long way” to go before enough confidence builds in the country to attract significant oil investment.

Part 3 of a five-part Fox News Digital series investigating the House of Singham documents the “Propaganda Work” that Mao Zedong taught as critical to winning the People’s War. This reporting includes analysis using cutting-edge technology, including large-language modeling.

Early Tuesday, CodePink professional activist Olivia DiNucci raised her fist as she stood on the deck of a boat renamed “Granma 2.0,” in a tribute to the yacht Fidel Castro’s guerrillas used to launch the Cuban Revolution in 1956.

Standing behind a banner reading “LET CUBA LIVE” as the boat arrived at the port of Havana, DiNucci, who normally organizes protests in Washington, D.C., mugged for the cameras with her fellow revolutionaries, chanting and pumping their fists in the air, as camera crews rolled.

Luis De Jesús, who writes for a site called BreakThrough News, recorded the arrival, part of days of coverage promoting the cause of pro-communism activists, including the Irish hip-hop trio Kneecap, and packaging the week’s activities not just as activism, but as revolutionary political “resistance” against the U.S. “empire.”

By afternoon, BreakThrough News posted a video of De Jesús’ report on the boat’s arrival, with a beaming DiNucci on board. Other pro-communist media platforms turned the staged event into a media moment, from the Cuban News Agency to Brazil de Fato.

The scene offered a real-time glimpse of how a network built by an American-born, China-based tech tycoon, Neville Roy Singham, turns activism into propaganda and then propaganda into political and psychological weapons. In this case, the story of the Granma 2.0 framed Cuba as a victim of the imperialist U.S., and Cuba’s communist benefactor and trading partner – China – as a liberator, providing rice to a hungry citizenry.

As he fought the People’s War in the late 1930s in China, infamous communist leader Mao Zedong emphasized the importance of “Propaganda Work” and “the practice of changing reality.”

Decades later, Chinese Premier Xi Jinping announced a strategy of “telling China’s story well.”

POWER COUPLE OF CHAOS: HOW A TYCOON AND ACTIVIST BUILT A ‘REVOLUTIONARY BASE’ AT THE HOUSE OF SINGHAM

Last fall, pro-China academics, like Vijay Prashad, a trusted communist in Singham’s inner circle, spoke at a conference of the Global South Academic Forum about creating a “New World Information and Communication Order,” an idea popularized in the 1980s by Third World countries now called the “Global South.” 

The conference was co-sponsored by Singham, Prashad’s Tricontinental Ltd. think tank and the Shanghai-based East China Normal University, and administered by the Chinese Communist Party. The university features a School of Marxism and teaches “Marxist journalism.” Singham, Prashad and conference attendees closed the conference, standing at attention as “The Internationale,” a communist anthem played, attendees pumping their fists in the air in solidarity.

A Fox News Digital investigation found that the “new information” strategy operates through a network of organizations that produce, fund and amplify messaging across borders. 

Fox News Digital has identified at least 200 organizations in Singham’s network of about 2,000 organizations that directly work on propaganda that parrots the anti-American messaging of the Chinese Communist Party but is dramatically homegrown in digital shops from New York City to Los Angeles.

The investigation found that three Singham-linked U.S. nonprofits sent a total of $9.1 million in seven payments to a pro-China propaganda firm, Shanghai Maku Cultural Communications Co. Ltd. The payments haven’t been reported before.

Using large-language models, Fox News Digital analyzed 223 transactions that moved $591 million in total across five continents from 2017 through 2025, the latest year for which figures are available, in the Singham network and found the money flows through five concentric rings of an ideological pipeline that spreads pro-China propaganda.

Eleven U.S. nonprofit organizations form a core hub of the work that pumps pro-China, anti-America propaganda into the world, with a total of about $401 million flowing from Singham and his network into these organizations. The organizations didn’t respond to requests for comment.

Fox News Digital previously documented $278 million that flowed directly from Singham into organizations that “sow discord” in the U.S., as House Ways and Means Chair Jason Smith put it recently at a hearing on foreign malign influence in the nonprofit industry. The rest went through layers of funding.

The 11 nonprofits and their total revenue from within the Singham network, including direct contributions from Singham himself, make most of these organizations well-funded: 

  • BreakThrough BT Media: $3.5 million, with $1.1 million directly from Singham
  • CodePink Women for Peace: $1.8 million, with $1.3 million from SIngham
  • Inter-Religious Foundation for Community Organization Inc.: $420,000
  • Justice and Education Fund Inc.: $74.2 million, with $68.7 million from Singham
  • People’s Dispatch: $1.9 million
  • People’s Forum Inc.: $28 million, with $22.4 million from Singham
  • People’s Support Foundation: $181.8 million, with $167.5 from Singham
  • People’s Welfare Association: $70 million
  • Progress Unity Fund: $442,524, with additional revenues from other sources
  • Tricontinental Ltd.: $16.8 million from Singham
  • United Community Fund: $21.8 million

Mao’s strategy relied on embedding revolutionary actors within social, cultural, labor and educational organizations to shape public consciousness, normalize radical narratives and gradually erode the legitimacy of the state from within. 

Similarly, experts say, Singham’s network cultivates activist ecosystems, using nonprofits and advocacy groups as force multipliers and framing local political and social conflicts as part of a broader systemic struggle. 

That same dynamic is visible in real time, as protests, trips and political events are filmed, packaged and circulated as part of a broader narrative. DiNucci is a key figure, for example, regularly getting filmed and then broadcast on Singham network social media channels, interrupting the dinners, hearings and events of Trump administration officials.

In this model, disruption and polarization aren’t incidental but strategic, designed to weaken societal cohesion and authority over time, precisely the conditions Mao argued are necessary for victory against a stronger adversary.

“There is a war waging for the brains of Americans. It’s critical that America shore up its defenses before the nation is hijacked by confusion, manipulation and malign narratives,” psychologist Orli Peter told Fox News Digital.

RED WEALTH, DARK MONEY: HOW AN AMERICAN TYCOON DEPLOYS MAO’S PLAYBOOK AGAINST THE WEST

‘Information Laundering Operation’

A Fox News Digital investigation, scouring scores of financial filings, writings and social media posts, shows not only money moving from Singham-funded entities into U.S. nonprofits, but these nonprofits in turn funding media production, political education and organizing campaigns that promote the narrative of the Chinese Communist Party. The U.S. nonprofits pushing the anti-America agenda benefit from tax-exempt status and tax-deductible donations.

What begins as content — videos, livestreams and commentary — often feeds directly into organizing and protest activity, creating a feedback loop between messaging and action.

“Neville Roy Singham and Jodie Evans are running an information laundering operation,” said Adam Sohn, co-founder of the Network Contagion Research Institute, a multidisciplinary lab in Princeton, N.J. “It’s a narrative laundering operation that is selling China’s story to the world and sowing discord in America.”

“Neville Roy Singham and Jodie Evans are running an information laundering operation. It’s a narrative laundering operation that is selling China’s story to the world and sowing discord in America.” – Adam Sohn, co-founder of the Network Contagion Research Institute, a multidisciplinary lab in Princeton, N.J.

A wedding in Jamaica in February 2017 between Singham and Jodie Evans, co-founder of CodePink Women for Peace, brought together ideologues who would later appear on the boards, funding streams and public messaging of this network. Tax filings document the transfers. The emergence of a network of “Liberation Centers” document the physical infrastructure.

That network has matured into a transnational protest and media machine. Nearly a decade later, its infrastructure is visible on American streets, coordinated, funded and amplified by groups built quietly, deliberately and in plain sight. Singham and Evans didn’t respond to requests for comment.

Last week, BreakThrough News broadcast DiNucci outside the White House protesting to support the regime that the U.S. and Israel are targeting with missile strikes in the Islamic Republic of Iran.

FAR-LEFT ACTIVIST GROUP FACES BACKLASH OVER ‘TONE-DEAF’ PROTESTS AT CUBA LUXURY HOTEL

Shanghai Maku Cultural Communications Co.

Part of that system operates overseas, where funding supports media production aligned with Chinese Communist Party narratives. Significantly, there are a series of two line items that reveal just how closely this supposed charitable network works with organizations tied to the Chinese Communist Party.

Buried inside the tax filings are the receipts on how three U.S. nonprofits from the Singham network sent seven payments totaling $9.1 million in money back to Shanghai to pay a pro-China propaganda firm, Shanghai Maku Cultural Communications Co. Ltd., housed in the same luxury building as Singham’s operation. It’s not far from the university where Singham’s sister holds an academic position.

Guo Xiao, a former executive at Thoughtworks, the tech company founded by Singham and sold in 2017 for nearly $800 million, sits on the board of Shanghai Maku Cultural Communications, according to company records. Xiao didn’t respond to a request for comment.

Shanghai Maku Cultural Communications Co. identifies itself as producing content aligned with Chinese Communist Party narratives. 

Beginning in 2021, according to Fox News Digital analysis, three organizations from Singham’s network sent over $9 million directly to Shanghai Maku Cultural Communications Co. in seven payments for “production of online news program,” according to its tax filing.

BreakThrough BT Media Inc. 

One of the key organizations inside the broader transnational media apparatus in the Singham network is BreakThrough News, whose reporter met the Granma 2.0 at the port in Havana.

In a letter he sent to BreakThrough News last month, Smith said the House Ways and Means Committee is concerned that BreakThrough News is “part of a larger multipronged effort from the CCP to sow discord in our country” and that it has been “funded and influenced by Mr. Singham’s CCP affiliations.”

In early December 2019, BreakThroughNews.org was registered online. Early the next year, in early March 2020, “Breakthrough / BT Media Inc.” was registered in Delaware as a new company. It got IRS 501(c)(3) nonprofit status in June 2020 as Breakthrough BT Media Inc. 

Singham gave a total of $1.1 million to BreakThrough BT Media Inc. over two years with the purpose of the tax-deductible donations written simply as “public service” and “medical / public services” in IRS Form 990 filings.

In its first IRS filing, documenting its 2020 work, Breakthrough BT Media Inc. listed familiar names among its three-person board of directors. Ben Becker, the son of another trusted Singham adviser, Brian Becker, was the chairman of the board. Today, Becker is on the Party for Socialism and Liberation’s “Central Committee.” Becker was also in Cuba this week to support the communist regime.

Another director was Claudia De La Cruz, a leader at the Party for Socialism and Liberation with Becker and a wedding guest.

Finally, a socialist leader named Karla Reyes was on the board. She is the daughter of immigrants from El Salvador and rose in the ranks from joining Occupy Wall Street protests to landing a spot on the Central Committee of the Party for Socialism and Liberation. She is today an active member of “ICE Out of New York,” started by the People’s Forum, its protests filmed regularly by BreakThrough News.

In his letter to Reyes, Smith demanded records related to the organization’s ties to Singham and the Chinese Communist Party. He requested that Treasury Secretary Scott Bessent remove the nonprofit status of organizations in the Singham network. 

While BreakThrough News doesn’t usually name the Chinese Communist Party directly, it regularly lauds Xi’s regime. In 2021, BreakThrough News’ host Rania Khalek promoted the “Chinese government” and its “eradication of extreme poverty within its border.” She co-hosted the session with Tings Chak, a researcher at Tricontinental, the arm of the House of Singham that pumps out pro-China academic work.

The Singham network functions like a coordinated unit. In 2022, People’s Forum gave BreakThrough a “non-cash” lease worth $318,596 for studio space at its W. 37th Street address. 

BreakThrough’s mission statement claims to be “unbiased towards any political candidates,” but the far-left outlet even created videos during the 2024 presidential election highly critical of Democratic candidate Kamala Harris as wanting to “out-Trump Trump.”

What began as a small, ideologically driven news platform became a broad multimedia machine producing documentaries, podcasts and social media content that amplified protest movements, international solidarity campaigns, especially around Palestinian issues and “anti-imperialist,” anti-America narratives. 

It’s a member of the International People’s Media Network, another part of the global House of Singham and a coalition of media platforms often publishing anti-America, pro-China content and sharing personnel with Tricontinental.

In 2023, BreakThrough News sent representatives to a conference hosted by the School of Communications at the East China Normal University, the public institution funded by the Chinese Communist Party’s Ministry of Education. Singham’s sister, Shanti Singham, and his friend, Prashad, work closely with those institutions. 

Following the arrest of Venezuelan leader Nicolás Maduro, groups in Singham’s network organized protests within hours. BreakThrough News posted videos from the demonstrations. It did the same with protests against Immigration and Customs Enforcement.

NewsClick

Fox News Digital has also tracked $10.5 million the Justice and Education Fund sent to New Delhi-based PPK NewsClick Studio Pvt. Ltd. in five payments from 2019 through 2023 when the government of India shut the operation down for allegedly using donations improperly to run an anti-India, pro-China propaganda media outlet.

The government of India has sent Singham a criminal summons for alleged election interference, money laundering and terrorism, alleging he engaged in schemes to sow discord in India. The NewsClick case is still awaiting a trial date.

National security experts say it is critical to understand the big picture to fully value the command control of this global propaganda war with a tech tycoon as the motherlode.

Back in Havana, as DiNucci stepped onto the dock and cameras rolled, the moment reflected more than a single act of activism.

It showed how the Singham network’s messaging system works in real time, capturing events, shaping narratives and distributing them to audiences far beyond the street or, in this case, the dock.

In Mao’s terms, it is “Propaganda Work,” not just reporting on the news, but helping define it.

From the dock in Havana, DiNucci played her role, shouting, “Viva la Cuba.”

Fox News Digital’s Brooke Caruto, Nikolas Lanum and Kyle Schmidbauer contributed to this report.

(TheNewswire)

Brossard, Quebec TheNewswire – le 12 mars 2026 CORPORATION Charbone (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« Charbone » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l’hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels stratégiques, est heureuse d’annoncer sa participation à la conférence Hydrogen East du 13 avril 2026, ainsi que le développement d’un hub d’approvisionnement dédié à l’hydrogène UHP et aux gaz de spécialité stratégiques dans le marché du Canada Atlantique (« Hub Atlantique »).

Cette initiative marque une nouvelle étape dans la stratégie de déploiement de Charbone visant à établir un réseau intégré de hubs de production, stockage et distribution d’hydrogène et de gaz industriels stratégiques en Amérique du Nord.

Le futur Hub Atlantique qui sera géré par sa filiale Charbone Nouvelle-Écosse Inc. et opérationnel d’ici juin 2026, servira d’installation physique dédiée au stockage local et à la distribution régionale, permettant d’assurer un approvisionnement fiable et flexible en hydrogène pour une variété d’utilisateurs industriels exigeants, incluant les secteurs de la défense, de la fabrication avancée, de la mobilité et des infrastructures énergétiques.

Charbone est active dans la région de l’Atlantique depuis plus de trois (3) années et a développé une connaissance approfondie des marchés de la Nouvelle-Écosse, du Nouveau-Brunswick et de l’Île-du-Prince-Édouard, tout en travaillant sur différentes initiatives avec des clients et partenaires potentiels d’envergure, notamment dans les domaines suivants :

  • infrastructures portuaires 

  • chantiers navals et installations de la Marine canadienne 

  • chaîne d’approvisionnement de composantes automobiles 

  • entreprises de services publics et énergétiques 

  • entreprises de recherche et développement 

  • solutions de transport avancées à éro émission 

Ce modèle « hub-and-spoke » constitue un pilier de la stratégie de Charbone visant à déployer progressivement un réseau évolutif de hubs d’approvisionnement en hydrogène et en gaz industriels stratégiques à travers le Canada et les États-Unis, permettant de soutenir les marchés régionaux grâce à des capacités locales de stockage, de logistique et de distribution.

« La région du Canada Atlantique représente un marché stratégique pour Charbone, notamment en raison de la présence d’infrastructures de grandes qualités, d’utilisateurs industriels d’envergures et d’initiatives de transition énergétique, » a déclaré Dave B. Gagnon, PDG de Charbone. La Société prévoit que ce hub jouera un rôle structurant dans le développement de sa future plateforme logistique nord-américaine de l’hydrogène. »

Pour plus de détails sur la Conférence Hydrogen East, veuillez cliquer sur le lien ci-bas :

À propos de CORPORATION Charbone

Charbone est un développeur et producteur d’hydrogène propre Ultra Haute Pureté (UHP) doté d’une plateforme de distribution de gaz industriels en pleine expansion. Grâce à une approche modulaire, Charbone se concentre sur le développement d’un réseau d’usines de production d’hydrogène propre en Amérique du Nord et sur certains marchés à l’étranger, en commençant par son projet phare de Sorel-Tracy au Québec. Le modèle intégré de l’entreprise réduit les risques, améliore l’évolutivité et permet de diversifier ses sources de revenus grâce à des partenariats dans le domaine de l’hélium et d’autres gaz de spécialités. Charbone s’engage à soutenir la transition mondiale vers une économie bas carbone en fournissant des solutions d’hydrogène propre et de gaz de spécialités accessibles et décentralisées, tout en soutenant les clients industriels mal desservis en gaz et en accélérant la transition vers une énergie propre locale. Charbone est coté sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, veuillez visiter www.charbone.com.

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans le rapport de gestion de la Société pour la période terminée le 30 septembre 2025, qui peut être consultée sur SEDAR+ à l’adresse www.sedarplus.ca; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

 

Contact Corporation Charbone

Téléphone: +1 450 678 7171

Courriel: ir@Charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

 

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