Colombian President Gustavo Petro ordered his country's state-run oil company ... goods from Colombia, a travel ban on Colombian government officials and other steep financial sanctions.

with traders on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions. Brent crude futures fell 36 cents ...

According to the US Treasury, the sanctioned tankers move crude oil valued at hundreds of millions of dollars.

Over a year ago, Bloomberg claimed cocaine was on track to overtake oil and become Colombia’s top export. Unsurprisingly, since that article cocaine production has soared by over 50% while coca ...

By threatening Colombia, a close U.S. ally, with the type of financial sanctions previously reserved for U.S. adversaries such as Iran and North Korea, Trump this week inflamed global interest in ...