Topline:
Hours after the U.S. military captured Venezuelan president Nicolás Maduro, President Trump made it clear that the U.S. operation is about — at least in part — control of Venezuela's oil. .
Read on... for a primer about Venezuela's oil reserves.
Hours after the U.S. military captured Venezuelan president Nicolás Maduro, President Trump made it clear that the U.S. operation is about — at least in part — control of Venezuela's oil.
"We're going to have our very large U.S. oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country," Trump said during a press conference Saturday.
The capture of Maduro and Trump's comments comes at a time when even a country like Venezuela — with one of the biggest oil resources in the world — isn't a sure bet for attracting major oil companies.
Many oil companies have been bruised by their past experiences operating in the country. The global oil market is currently facing an oversupply. Oil prices are below $60 a barrel, and long-term projections for oil demand are unclear as the world shifts to more electric vehicles.
Trump promises to "run the country" and make way for U.S. oil companies in Venezuela. However, there's a long history of U.S. interventions in Latin America and the Middle East not going well, oil experts tell NPR.
Here's what you need to know about Venezuela's oil.
Venezuela was once one of the biggest global oil producers and was one of the main founders of the Organization of Petroleum Exporting Countries (OPEC), a group of some of the world's biggest oil producers, whose decisions help determine global oil prices. Venezuela has the largest proven reserves of oil in the world, according to OPEC.
But while the country was producing more than 3 million barrels a day a few decades ago, today Venezuela produces only about a million barrels a day, or roughly 1% of global oil output. The U.S. produces about 13 million barrels a day.
Much of Venezuela's oil went to refineries in the U.S. Now much of it goes to China.
Not all crude oil is the same — some oil is physically lighter and easier for refineries to process. Venezuela's oil is heavy and dense, and requires special refineries. Burning any type of oil contributes to climate change, but Venezuela's oil is "among the dirtiest oils in the world to produce when it comes to global warming," says Paasha Mahdavi, associate professor of political science at the University of California, Santa Barbara.
U.S. oil companies like Chevron began drilling in Venezuela about one hundred years ago and played a key role in developing the country's oil sector.
But around 2004 to 2007, then-President Hugo Chávez "basically forcefully renegotiated contracts" with international oil companies, says Francisco Monaldi, director of the Latin America Energy Program at the Center for Energy Studies at Rice University.
ExxonMobil and ConocoPhillips left the country in 2007 and then took the Venezuelan government to international arbitration courts. The courts ordered Venezuela to pay ConocoPhillips over $10 billion and ExxonMobil over $1 billion. Venezuela has only paid a fraction of those sums to ExxonMobil and to ConocoPhillips.
Chevron, however, stayed in Venezuela — although " they didn't like it," says Gerald Kepes, president of Competitive Energy Strategies, an energy consultancy in Washington, D.C.
Chevron today produces about a quarter of Venezuela's oil.
In response to the news of Maduro's capture, Chevron spokesperson Bill Turenne said in an email, "Chevron remains focused on the safety and wellbeing of our employees, as well as the integrity of our assets. We continue to operate in full compliance with all relevant laws and regulations."
Trump has said that Venezuela has "stolen" U.S. investment in the country's energy sector.
Venezuela is what the oil industry calls a "brownfield" — meaning it's well established, and oil companies have a fairly good idea of what they will find when they drill. For companies like ConocoPhillips, returning to Venezuela could be an opportunity to recoup some of the billions owed to them by the government, Monaldi says.
In an email, ConocoPhillips spokesperson Dennis Nuss wrote, "ConocoPhillips is monitoring developments in Venezuela and their potential implications for global energy supply and stability. It would be premature to speculate on any future business activities or investments."
ExxonMobil did not respond to a request for comment.
Still, this isn't the best time to add to the global oil supply, Monaldi says. There's currently a worldwide glut of oil. Also, because Venezuela's oil is particularly bad for the climate, that makes it less attractive for European oil companies with climate goals, Monaldi says.
Next door to Venezuela is Guyana — a country that recently discovered over 10 billion barrels of oil and is a key emerging player in the international oil industry.
Guyana's oil is lighter than Venezuela's, less polluting, and has lower taxes than Venezuela, Monaldi says. There's also no national oil company in Guyana, as there is in Venezuela.
"All that makes for Guyana to be one of the most attractive oil places in the world," Monaldi says.
While ExxonMobil is no longer in Venezuela, it is a major player in Guyana.
For years, Venezuela and Guyana have had a territorial dispute that has also been related to oil rights. Last March, Venezuelan vessels entered Guyanese territorial waters approaching offshore oil vessels belonging to ExxonMobil.
"Without a doubt, with a changing regime, Guyana should feel more secure," Monaldi says.
Some increase in Venezuela's oil production could happen fairly quickly with more financial support and improved management, according to an analysis by Wood Mackenzie, an energy consultancy.
But Mahdavi says the Trump administration's plans to jumpstart the industry will be difficult. He notes that it took nearly two decades to revitalize Iraq's oil industry after the U.S. invasion, though corruption and mismanagement remain pervasive.
And ultimately, notes Kepes, if it's unclear who is in charge in Venezuela, oil companies will have concerns about the long-term viability of their contracts. "No one's going to start investing on the ground in a place where there's no legal contract and viable permission to operate or if there's concerns about political stability and violence," he says.
Copyright 2026 NPR
Topline:
Los Angeles residents were walking dark streets and passing broken lamps even as the LAPD quietly disbanded a specialized unit in July that tracked thieves stealing copper wire from streetlights.
More details: Known as the Heavy Metal Task Force, the unit launched in early 2024 to combat persistent copper wire theft from lamps lighting the Sixth Street Bridge connecting Boyle Heights to Downtown L.A.
Why now: Lt. Andrew Mathes confirmed to The LA Local this week that the unit was eliminated in July 2025 as the department and city tightened budgets. The LA Bureau of Street Lighting, the department responsible for maintaining the lights, also had its budget cut by about 5% in the current fiscal year as its backlog of reports continues to grow.
Read on... for more about what the disband of this task force means for street lights.
The story first appeared on The LA Local.
Los Angeles residents were walking dark streets and passing broken lamps even as the LAPD quietly disbanded a specialized unit in July that tracked thieves stealing copper wire from streetlights.
Known as the Heavy Metal Task Force, the unit launched in early 2024 to combat persistent copper wire theft from lamps lighting the Sixth Street Bridge connecting Boyle Heights to Downtown L.A.
Lt. Andrew Mathes confirmed to The LA Local this week that the unit was eliminated in July 2025 as the department and city tightened budgets. The L.A. Bureau of Street Lighting, the department responsible for maintaining the lights, also had its budget cut by about 5% in the current fiscal year as its backlog of reports continues to grow.
The team led investigations that exposed organized wire theft, resulting in more than 300 arrests. And it conducted inspections of local scrapyards to make it harder for people to cash in on high copper resale prices.
“When you get an eye for it, copper is everywhere,” Mathes said.
Calls for repair of streetlights surged from about 35,000 in 2022, the year the Sixth Street Bridge was opened to the public, to 46,000 in 2024. There was only a slight dip in such calls in 2025.
The calls made to the city’s 311 line for non-emergency services include lamps that were hit by cars or could be malfunctioning due to age. But the jump in calls starting in 2022 also include a surge in thefts.
Reports of copper wire theft doubled from about 7,200 in fiscal year 2022-23 to nearly 16,000 in 2024-25, according to data from the L.A. City Controller. But starting last year, the monthly calls began trending down, from 1,500 in October 2024 to about 200 in May 2025.
After previously leading a similar team on catalytic converter thefts, Mathes was tapped for leading the unit on heavy metal thefts in early 2024. The team was based in the LAPD’s Central Division near where such thefts had been focused.
“LA is the copper theft capital,” Mathes said. “It’s the worst of the worst here.”
At their most active, Mathes said, the unit was conducting two or three operations a week.
They inspected scrapyards for stolen metal and warned the owners of the penalties they could face for purchasing it. They found people impersonating construction workers removing reams of wire for resale. He’d find makeshift processing operations in decrepit RVs, with huge spools of wire spun by hand and toxic fire pits where people would melt away plastic shielding because the unwrapped copper fetches a higher price.
Mathes said they tracked a 70% reduction in such thefts in the Newton Division, south and east of downtown.
Mathes said it was fitting that the first and last arrests made by the heavy metal unit occurred near the iconic bridge on Sixth Street.
The officers who served on the unit developed valuable experience, Mathes said. And soon before it disbanded, he said they redoubled efforts to prepare the members to continue the work in their new assignments. Central, Hollenbeck and Newton police divisions have a specialist for these kinds of investigations.
When asked about wire thefts growing in other parts of the city in 2025, he presumed it was because of the intensive work the unit was doing near downtown.
“They had to find new places to target,” Mathes said.
Topline:
State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.
Why it matters: State Farm, the largest insurer in the state with about 20% market share, received approval for unprecedented emergency insurance rate increases in California last May. The company told the state that the billions of dollars it expected to pay out after the deadly fires placed it in financial peril.
Why now: The proposed deal among the state Insurance Department, consumer advocacy group Consumer Watchdog and State Farm, disclosed late last week, comes after months of public hearings convened by the insurance department and settlement talks.
Read on... for more from the proposed settlement.
The Los Angeles County fires last year drove up insurance costs for many Californians. Now, a proposed settlement means some State Farm policyholders whose premiums rose won’t see additional increases, and others should even get refunds.
State Farm, the largest insurer in the state with about 20% market share, received approval for unprecedented emergency insurance rate increases in California last May. The company told the state that the billions of dollars it expected to pay out after the deadly fires placed it in financial peril.
The proposed deal among the state Insurance Department, consumer advocacy group Consumer Watchdog and State Farm, disclosed late last week, comes after months of public hearings convened by the insurance department and settlement talks.
Consumer Watchdog, which questioned the rate increases State Farm asked for, says the settlement saves the company’s California policyholders a total of $530 million. From the proposed settlement:
In addition, State Farm has agreed not to cancel any new policies this year, and it won’t be canceling some policies it had planned not to renew in wildfire-affected areas. The insurance department characterized those provisions as important to the continued stability of the state’s insurance market, which has been beset with availability and affordability issues.
“When consumer advocates are able to challenge the data and present their own analysis, excessive requests are reduced and consumers are protected,” said Harvey Rosenfield in a statement. Rosenfield founded Consumer Watchdog and wrote Proposition 103, the voter-approved law that governs insurance in California.
State Farm has paid out more than $5 billion in claims from the L.A.-area fires so far, said spokesperson Tom Hartmann.
After consumer complaints and lawsuits, the insurance department is investigating the company’s handling of claims from the fires and expects results from that examination later this spring.
The agreement, which must be approved by an administrative law judge, also requires State Farm to undergo additional review of its rates in 2027. The company will be required to make a one time 2.5% premium discount available to renewing policyholders if its ratio of premiums to available cash reaches a certain level; Consumer Watchdog litigation director Will Pletcher said the deal will give the group more timely access to the company’s annual financial statements to help keep it accountable.
The insurance department expects the judge to decide on the settlement by April 7. Insurance Commissioner Ricardo Lara will then review the judge’s decision and have the final say.
This article was originally published on CalMatters and was republished under the Creative Commons Attribution-NonCommercial-NoDerivatives license.
Topline:
Iran's state media issued what it said was a statement by Iranian Supreme Leader Mojtaba Khamenei, vowing to keep the Strait of Hormuz closed and keep up attacks on U.S. bases in the region, as the U.S.-Israeli war with Iran entered its 13th day.
The Strait of Hormuz: The Iranian statement said the Strait of Hormuz, a key shipping route for a fifth of the world's oil supply, should remain closed. It said Iran continues to believe in friendship with its neighbors but will continue targeting U.S. bases in the region. "The lever of blocking the Strait of Hormuz must undoubtedly continue to be used.," the statement said, according to an English version published by Tasnim News Agency, run by the Iranian Revolutionary Guard.
Unclear of statement's authenticity: It was purported to be the new leader's first statement since he succeeded his father Ayatollah Ali Khamenei, who was killed in an Israeli strike on the first day of the war. It's unclear if the statement was from Mojtaba Khamenei himself. There's been speculation about the leader's current condition and whereabouts. An Israeli official, speaking on condition of anonymity because they weren't authorized to speak publicly, told NPR that Khamenei was lightly injured early in the war.
Iran's state media issued what it said was a statement by Iranian Supreme Leader Mojtaba Khamenei, vowing to keep the Strait of Hormuz closed and keep up attacks on U.S. bases in the region, as the U.S.-Israeli war with Iran entered its 13th day.
It was purported to be the new leader's first statement since he succeeded his father Ayatollah Ali Khamenei, who was killed in an Israeli strike on the first day of the war.
The statement said Iran will avenge the blood of its "martyrs," including the victims of a March 1 attack on a girls school in the city of Minab, which Iranian officials say killed at least 165 people, many of them children. NPR has confirmed the U.S. military is investigating how it could have targeted the school.
The Iranian statement said the Strait of Hormuz, a key shipping route for a fifth of the world's oil supply, should remain closed. It said Iran continues to believe in friendship with its neighbors but will continue targeting U.S. bases in the region.
"The lever of blocking the Strait of Hormuz must undoubtedly continue to be used.," the statement said, according to an English version published by Tasnim News Agency, run by the Iranian Revolutionary Guard.
It's unclear if the statement was from Mojtaba Khamenei himself. Another person was heard reading out the remarks on Iranian state media, with a photo of Khamenei posted on the TV screen, as it was broadcast around the world.
There's been speculation about the leader's current condition and whereabouts. An Israeli official, speaking on condition of anonymity because they weren't authorized to speak publicly, told NPR that Khamenei was lightly injured early in the war.
This is a developing story that will be updated.
Here are other major updates about the conflict.
To jump to specific areas of coverage, use the links below:
Attacks on vessels | Oil stockpiles | Strikes across the Gulf | Israel-Hezbollah escalation | Iranian school attack
Two oil tankers were hit in Iraqi territorial waters near the southern port area of Basra, Iraqi officials said Thursday. It is the first oil-related strike reported in Iraq's waters during more than a week of war, in another sign of the conflict's escalation.
Iran, a critical ally of Iraq, took responsibility for attacking one of the tankers, which it said was owned by the U.S.
A port official said the attack targeted vessels near Basra's port approaches, and Iraq's security spokesman described it as sabotage.
Iraqi officials said one person was killed, and 38 crew members were rescued, with search operations continuing.
Iran has stepped up attacks on energy infrastructure and commercial shipping in response to U.S. and Israeli strikes, warning that the world should brace for oil prices to double.
— Jane Arraf
The U.S. confirmed it will release 172 million barrels of oil from the Strategic Petroleum Reserve as part of a coordinated International Energy Agency (IEA) release of 400 million barrels from emergency stockpiles.
The U.S. contribution amounts to roughly 40% of the total, to be released gradually over about four months.
The IEA's executive director, Fatih Birol, said the goal is to keep the supply of oil flowing as the conflict disrupts shipping routes and energy infrastructure. But analysts warn stockpile releases can only partially offset prolonged disruption in the Gulf, where roughly a fifth of global oil consumption normally transits the Strait of Hormuz.
On Wednesday, President Trump said the price spike is temporary and said the reserve release would push prices down.
According to the popular app Gas Buddy, the current average cost of regular unleaded is now up to $3.61 a gallon.
- Camila Domonoske
Countries in the Gulf reported new incoming threats and interceptions Thursday, as Iran continued firing drones and missiles across the region – including at U.S. military bases.
The UAE's defense ministry said air defenses were responding to Iranian missile and drone attacks, and that sounds heard in parts of the country were from intercepts.
Kuwait's defense ministry said its air defenses intercepted ballistic missiles and drones that penetrated the northern and southern parts of the country's airspace.
Saudi Arabia said it intercepted and destroyed drones headed toward the Shaybah oil field.
The United Nations Security Council adopted a resolution on Wednesday condemning Iran for recent attacks across the Persian Gulf region, calling them a "breach of international law" and "a serious threat to international peace and security."
- Rebecca Rosman
The militant group Hezbollah launched its biggest rocket attack against Israel since the start of the war with Iran. The Israeli military said the Iranian-backed group fired heavy volleys toward northern Israel overnight into Thursday, triggering interceptions and sending residents repeatedly into shelters.
The Israeli military responded by launching more attacks against what it said were Hezbollah launch sites and command infrastructure.
Huge booms were heard across the capital and large black smoke billowed from the Dahieh neighborhood in south Beirut, while an attack in central Beirut – where thousands of people are displaced – killed 8 people and injured 31, according to Lebanese officials.
Wide evacuation orders for south Lebanon and Beirut's southern suburbs have displaced at least 800,000 people so far, according to the Lebanese government.
Lebanon, which does not have diplomatic ties with Israel, has unusually called for direct talks with Israel to end the escalating fighting with Hezbollah. Israel has not officially responded.
Israeli strikes on Iran have continued, with Iran firing missiles at Israel intermittently, including overnight.
Israeli military officials say about half of the missiles Iran has launched at Israel have carried cluster warheads, which spread out into smaller bombs over a wider area – increasing the risk to civilians.
- Daniel Estrin, Hadeel Al-Shalchi and Rebecca Rosman
The Pentagon has opened a formal investigation into the missile strike on an Iranian girls school that killed at least 165 civilians, many of them children, after a preliminary assessment suggested the U.S. was at fault, according to a U.S. official who was not authorized to speak publicly. The investigation is expected to take months and will include interviews with all those involved, from planners and commanders to those who carried out the strike.
If a U.S. role in the attack is confirmed, it would rank among the military's most deadly incidents involving civilians in decades. Congress created a special Pentagon office to prevent the accidental targeting of civilians but it was dramatically scaled back by Secretary of Defense Pete Hegseth soon after he took office last year.
"This investigation is ongoing. As we have said, unlike the terrorist Iranian regime, the United States does not target civilians," said White House spokesperson Anna Kelly.
The Pentagon did not respond to a request for comment.
NPR previously reported — based on commercial satellite imagery and independent expert analysis — that the strike was more extensive than initially reported and appeared consistent with a precision strike on a nearby military complex, raising questions about whether outdated targeting information contributed to the tragedy.
- Tom Bowman, Kat Lonsdorf, Geoff Brumfiel
Rebecca Rosman contributed to this report from Paris, Jane Arraf from Erbil, Iraq, Hadeel Al-Shalchi from Beirut, Daniel Estrin from Tel Aviv and Camila Domonoske, Tom Bowman, Kat Lonsdorf and Geoff Brumfiel from Washington.
Copyright 2026 NPR
Topline:
If you’re a soccer fan — or just a fan of South Korean phenom Son Heung-min — you may have heard that the Los Angeles Football Club planned to put up a larger-than-life mural of the footballer in Koreatown last month. But the mural has yet to appear.
More details: LAFC planned to reveal the mural during the launch of their 2026/2027 jersey at The LINE Hotel. Now the reveal has been pushed back to sometime in June.
Why now: The delay stems from issues with the city’s mural approval process, at least according to city officials.
Read on... for more about the mural of Son Heung-min.
The story first appeared on The LA Local.
If you’re a soccer fan — or just a fan of South Korean phenom Son Heung-min — you may have heard that the Los Angeles Football Club planned to put up a larger-than-life mural of the footballer in Koreatown last month. But the mural has yet to appear.
LAFC planned to reveal the mural during the launch of their 2026/2027 jersey at The LINE Hotel. Now the reveal has been pushed back to sometime in June.
The delay stems from issues with the city’s mural approval process, at least according to city officials.
Gabriel Cifarelli, a spokesperson for the Los Angeles Department of Cultural Affairs, said they received a mural registration application for the site. But the department said it could not issue a notice to proceed because the application was “ineligible and incomplete” under the city’s mural ordinance and administrative rules.
“DCA staff offered the applicant advice and further guidance, and remains available for questions,” Cifarelli said.
If a mural includes a team logo it is considered an advertisement and not original artwork, according to the city department. In that case, the permit must be issued through the city’s Building and Safety Department.
A new application has not been submitted through the mural program, Cifarelli said, and it was not immediately clear whether LAFC applied for a permit through the Building and Safety Department.
LAFC spokesperson Danny Sanchez didn’t confirm if a new permit has been submitted.
“The mural unveil was rescheduled to June to better align with World Cup festivities,” Sanchez said.
Dave Young Kim was commissioned to paint the mural and previously painted a Son mural on the side of the Crosby building in Koreatown in October, but that was only up for a few weeks.
He still plans to paint the mural on The LINE Hotel in June.
“I’m assuming at this point, LAFC is likely trying to line it up for a more opportune time,” said Kim. “The mural was originally supposed to line up with the launch of the new jersey so something similar.”
Leo Hernandez, 35, said he hopes the mural goes up before the World Cup.
“I didn’t know it was pushed back all the way to June,” he said. “I’ll be in Mexico for the World Cup.”
Hernandez, who goes by “El Soccer Guy” on Instagram and has nearly 50,000 followers, has been attending LAFC games since 2018. He said Son’s arrival to L.A. has brought a new wave of fans to the club.
“I’ve never seen so many Koreans,” he said. “He’s bringing a whole new community to LAFC. I don’t know if they love soccer or they love Son or both, but it’s amazing to see.”
“Son is starting to be my favorite on the team,” he added. “He’s so good. He wants the team to shine. And I love his positivity and energy.”