State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious
State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered
Oil prices hit five-week lows as markets await US sanctions decision on Russia. Tariffs on India, crude inventory draw, and Opec+ supply plans also influence Brent and WTI price movements
US President Donald Trump has imposed an additional 25% tariff on Indian goods, citing India's continued import of Russian oil, effective August 27
More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours
Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier
Unilateral and economic sanctions imposed by the US and the European Union lead to a substantial increase in mortality that disproportionately hurts children younger than five years old
The "Government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens," said MEA
Without providing details, Trump said that the levies on Russia would come in the form of secondary tariffs
Thousands of North Korean workers have been posing as nationals from other countries to infiltrate companies in the US and around the world, said the US government
I'm not happy with him, I can tell you that much right now. This is killing a lot of people, Trump said of Putin during a meeting with his Cabinet
HTS was labelled a terrorist group by the US in 2018 because of its previous connections to al-Qaeda. However, in late January, it was disbanded and the fighters were integrated into Syrian military
President Donald Trump signed an executive order on Monday ending US sanctions on Syria, following through on his promise to do so. White House press secretary Karoline Leavitt said the move was designed to promote and support the country's path to stability and peace". Sanctions will remain in place on ousted former president Bashar Assad, his top aides and family. The executive order is meant to end the country's isolation from the international financial system, setting the stage for global commerce and galvanising investments from its neighbours in the region, as well as from the United States", Treasury's acting under secretary for terrorism and financial intelligence, Brad Smith, told reporters on a call Monday to preview the administration's action. The White House posted the text of the order on X after the signing, which was not open to the press. The US granted Syria sweeping exemptions from sanctions in May, which was a first step toward fulfilling the Republican ...
Russia has the pieces in place to meaningfully boost LNG exports as it expands its shadow fleet
Donald Trump has claimed that he saved Iran's Supreme Leader during the Israel conflict. However, he dropped sanction relief after hostile Iranian statements
The US Treasury Department on Tuesday imposed sanctions on a major Palestinian legal group for prisoners and detainees along with five other charitable entities across the Middle East, Africa and Europe, accusing them of supporting militant groups, including Hamas' military wing, under the pretense of humanitarian aid in Gaza. Those sanctioned include Addameer, a nongovernmental organisation that was founded in 1991 and is based in the city of Ramallah in the Israeli-occupied West Bank. The Palestinian group provides free legal services to Palestinian political prisoners and detainees in Israeli custody and monitors the conditions of their confinement. The federal government claims that Addameer has long supported and is affiliated with the Popular Front for the Liberation of Palestine, a secular, left-wing movement with a political party and an armed wing that has carried out deadly attacks against Israelis. Israel and the United States have labelled the PFLP a terrorist ...
The United States on Monday imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin "El Chapo" Guzman and announced a reward offer of up to USD 10 million each for information leading to the arrest or conviction of the men. The US Treasury Department announced sanctions on Archivaldo Ivan Guzman Salazar and Jesus Alfredo Guzman Salazar who are believed to be currently located in Mexico. Guzman's other sons Joaquin Guzman Lopez and Ovidio Guzman Lopez are currently incarcerated in the United States. In May, federal prosecutors announced they would not seek the death penalty for Joaquin Guzman Lopez if he is convicted of multiple charges in Chicago. Sanctions were also imposed on a faction of the Sinaloa cartel known as the "Chapitos," or little Chapos, which has been identified as a main exporter of fentanyl to the US as well as a regional network of Chapitos associates and businesses based in Mazatlan, Mexico, that allegedly engage in drug
Russian grades constituted around 39% of India's oil imports in May
Putin says Microsoft and Zoom should be restricted in Russia as part of a push to develop domestic software, amid ongoing sanctions and tensions with the West over Ukraine
A decision on timing of potential restrictions has yet to be taken