While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in Jan
Shipowners, energy traders and investors across financial markets have been keenly following its route through Hormuz as they try to understand the latest US effort to pressure Tehran
Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs
If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up
US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd.'s push to relocate freighters violates the bilateral Air Transport Agreement
The US Department of Justice, meanwhile, charged Moreno-Gama with possession of an unregistered firearm and attempted damage and destruction of property by means of explosives
The top Chinese envoy made the remarks during a call with his Pakistani counterpart Ishaq Dar on Monday, according to a readout from China's Foreign Ministry
The US had allowed the temporary sale of Iranian oil and petrochemical products already loaded on tankers in late March, as it sought to put a lid on rising oil prices due to the West Asia war
The New Future, which has no clear links to Iran, and the US-sanctioned Auroura, began moving northeast early Monday from waters off the United Arab Emirates
India hasn't received Iranian oil since 2019, however, a waiver last month, allowed purchases of crude already on the water, a bid to ease the impact of West Asia on global supply
