Reuters World News Venezuela 'blockade', Australia gun reform, jobs and Ford
Dec 17, 2025
In this discussion, Mike Dolan, a seasoned markets reporter, delves into the implications of Trump's blockade on Venezuelan oil tankers and its potential impact on oil prices and U.S. petrol costs. He analyzes the recent U.S. job growth rebound amidst economic distortions, while also unpacking Ford's drastic cuts to its electric vehicle lineup amidst dwindling demand. The conversation touches on Australia's tightened gun control laws following tragic events, highlighting the global economic and political landscape.
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Blockade Could Tighten Global Oil Supply
- Trump's order could remove roughly half a million barrels of Venezuelan crude from global markets if enforced.
- Mike Dolan notes oil prices had already fallen to their lowest since 2021 before the blockade news shifted focus.
Wiles Interview Exposes White House Tensions
- Vice President J.D. Vance praised Susie Wiles as consistent in and out of the president's presence.
- The Vanity Fair interview had Wiles calling Trump like "an alcoholic's personality," which she later dismissed as a hit piece.
Australia Rushes Emergency Gun Laws
- New South Wales will recall Parliament to rush emergency gun laws after the Bondi Beach attack.
- Funerals for the victims have begun amid mounting anger over firearm access and investigator findings.