Economy

Iran defends Strait of Hormuz shipping limits as US tensions escalate

Iran defends renewed limits on Strait of Hormuz shipping, citing US hostility as tensions rise and global oil markets face renewed volatility

US extends suspension of sanctions, affects over 100 mln barrels of Russian oil

The official added that "more and more countries," including the US, are recognizing the systemic importance of Russian oil and gas for the global economy

US allows sales of Russian oil loaded before April 17 to continue until May 16

The general license replaces the previous one, which expired on April 11

US extends permission for Russian oil sales despite political opposition

Kirill Dmitriev also said that Russia maintained contacts with the US on economic and energy issues

Indian refiners paying for Iranian oil in yuan under US waiver

Indian refiners settle Iranian oil purchases in yuan via ICICI after a temporary US waiver, highlighting shifting trade patterns amid sanctions

Iran declares Strait of Hormuz ‘completely open’ for all commercial vessels

Iran says the Strait of Hormuz is “completely open” in line with the Lebanon ceasefire, Trump thanks Tehran for unblocking the “strait of Iran,” and oil prices drop