Oil Edges Higher With Focus on OPEC+, U.S. Sanctions Against Iran
Oil prices were edging higher in early trade, supported by a new wave of U.S. sanctions on Iranian oil exports and expectations that OPEC+ will further delay its planned output hike. Brent crude was up 0.
US Targets Iranian Oil Shadow Fleet With Additional Sanctions
The US sanctioned 35 entities and vessels Tuesday that it said play a critical role in the shadow fleet transporting illicit Iranian oil to foreign markets.
US Deepens Sanctions on Iran's 'Shadow' Oil Fleet
The sanctions build on those previously imposed on Oct. 11 and come in response to Iran's Oct. 1 attack on Israel and to its announced nuclear escalations, the U.S. Department of Treasury said in a statement.
Live news: Oil prices jump after US imposes new sanctions on Iran’s ‘shadow fleet’
Brent crude, the global benchmark rose as much as 2.8 per cent to $73.86 a barrel on Tuesday, while WTI, its US counterpart, rose as much as 3.1 per cent to $70.23 a barrel. The sanctions are similar to those previously imposed two months ago in response to Iran’s missile attack on military sites in Israel,
US Expands Sanctions Against Iran's 'Shadow Fleet'
The United States sanctioned 35 companies and ships Tuesday it accused of being involved in Iran's so-called "shadow fleet" illicitly selling Iranian oil to foreign markets in violation of existing designations.
Crude Oil Rises on Dollar Weakness and Iran Crude Sanctions
Tuesday closed up +1.84 (+2.70%), and January RBOB gasoline (RBF25) closed up +0.0452 (+2.36%). Crude oil and gasoline prices on Tuesday pushed moderately higher due to a weaker dollar. Crude extended its gains Tuesday after the US imposed more sanctions on Iranian crude,
China bans exports to US of gallium, germanium, antimony in response to chip sanctions
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Russia's sky-high interest rates will struggle to fight inflation in the sanctions-stricken economy, top Russian bank CEO says
Russia's key interest rate was raised to 21% in October, but that might not be an effective tool in fighting inflation, a top ...
Byju’s Content Manager, Business Partner Face US Court Sanctions
The chief content officer of troubled Indian tech firm Byju’s and an ally of the company’s founder face financial sanctions ...
China limits US export of chipmaking materials following sanctions
Over the past several months, China has started tightening control over its supply of rare materials. It started limiting the ...
Daily on Energy: China restricts critical mineral exports, Treasury tightens Iran sanctions, and SAF guidance delayed
Good afternoon and Happy Tuesday, readers. In today’s edition of Daily on Energy, with a little help from our editor Joe ...
Exclusive: US, UAE discussed lifting Assad sanctions in exchange for break with Iran, sources say
A U.S. source familiar with the matter said White House officials discussed an overture with Emirati officials, citing the ...
US in talks to lift sanctions on Syria
The US has discussed lifting sanctions on Syria if it cuts ties with Iran and blocks weapons smuggling routes to Hezbollah.
Treasury sanctions 3 in Uzbekistan for abusing children in orphanage
The Treasury Department on Monday sanctioned three individuals for human trafficking and sexual violence against children at ...
Exclusive: Russia's VTB does not expect Western sanctions to be lifted soon
Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia's ...
China is studying sanctions on Russia to figure out how to handle them if it invades Taiwan, report says
China is closely monitoring the effects of Western sanctions on Russia to prepare for a possible invasion of Taiwan, The Wall ...
Western sanctions force Russian importers to smuggle their goods, media reports
The latest Western sanctions against 50 Russian banks forced Russian importers to use complex and underhand schemes to pay ...