Al Jazeera News Updates Oil prices surge after Trump's Venezuela blockade, M23 withdrawing from Uvira
Dec 18, 2025
Oil prices are on the rise following Trump's blockade on Venezuela, creating ripples in the global market. In Uvira, the M23 group is set to withdraw, raising hopes for stability in the region. The humanitarian crisis continues as a house collapse at the El Shati refugee camp leads to a daring rescue. Additionally, the tragic funeral of ten-year-old Matilda, a victim of the Bondi Beach shooting, highlights ongoing violence. Insights into Afghanistan's severe hunger crisis shed light on the UN's challenges.
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Venezuela's Global Oil Leverage
- Venezuela holds the world's largest proven oil reserves and China is its top buyer while the U.S. is the second largest buyer of its crude oil.
- Shifts in U.S. policy, like a blockade, can quickly surge global oil prices due to Venezuela's reserve size and buyer demand.
Civil Defense Strained In Rain-Battered Gaza
- Gaza's civil defense teams face overwhelming strain as heavy rain causes residential buildings to collapse amid ongoing conflict.
- Continued blockades of shelter supplies by Israel violate the ceasefire agreement and exacerbate civilian suffering.
Rescue After El Shati Roof Collapse
- A house in the El Shati refugee camp collapsed on a displaced family, and civil defense teams rescued six people, including two children.
- The roof caved in on families sheltering there, illustrating immediate human cost amid the broader crisis.