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Russian President Vladimir Putin (AP photo) Russia on Saturday dismissed reports claiming Moscow had offered a quid pro quo to Washington to halt intelligence sharing with Iran amid the ongoing escalation involving the US and Israel, in exchange for easing pressure in Ukraine.The reports, which also said the United States rejected the proposal, were termed…
After Russian crude, the US has now issued a 30-day sanction waiver on Iranian oil, currently at sea, to ease rising concerns about energy supply flows as Middle East conflict continues to boil. US treasury secretary Scott Bessent said that the authorisation applies specifically to Iranian crude and petroleum products that are already in transit….
Indian refiners have purchased nearly 30 million barrels of Russian crude within a week. (AI image) India is aggressively buying Russian crude oil amidst supply disruptions from Strait of Hormuz caused due to the ongoing US-Iran war and Middle East conflict. In fact, India is buying such huge quantities of Russian crude, that tankers headed…
With the US and Israel intensifying their military campaign against Iran, a new battlefield has emerged, not on the ground, but in the skies, where advanced missile systems are testing the limits of traditional air defence. At the centre of this contest is a critical question. Can Russia’s S-300 withstand Israel’s Blue Sparrow missile?The question…
Iranian foreign minister Seyed Abbas Araghchi (ANI photo) Iran’s foreign minister Seyed Abbas Araghchi on Sunday sharply criticised the United States over its stance on Russian crude oil, claiming Washington was now “begging” countries, including India, to buy Russian oil after earlier pressuring them to halt such imports.In a post on X, Araghchi said, “The…
India’s imports of urea from China have climbed to their highest level in three years during the current fiscal, even as fertiliser shipments from Russia have also increased sharply, according to government data tabled in Parliament on Friday.In a written reply to the Lok Sabha, Minister of State for Fertilisers Anupriya Patel said India imported…
File photo: Ukrainian President Zelenskyy (Picture credit: AP) Ukrainian President Volodymyr Zelenskyy on Friday said a US decision to temporarily ease sanctions on Russian oil sales could hand Moscow about $10 billion in extra revenue, warning the move would directly undermine efforts to end the war in Ukraine.“This one concession alone by the United States…
As the war between the United States, Israel and Iran is nearing third week, the global oil market has become one of the biggest casualties of the conflict.Missile strikes across the Gulf and drone attacks on energy infrastructure have pushed crude prices sharply higher, forcing Washington into a geopolitical pivot that seemed impossible just months…
A temporary waiver issued by the United States has opened the door for buyers to purchase Russian oil cargoes that are already at sea, placing nearly 30 tankers in Asian waters back in the market. According to ship-tracking data compiled by Bloomberg, these vessels together are carrying at least 19 million barrels of Russian crude…
The United States has temporarily permitted the sale of Russian oil already in transit, according to a treasury department notice issued on Friday. This comes as energy prices surged following US-Israeli strikes on Iran that pushed the Middle East into war.The treasury granted a license allowing transactions involving Russian crude oil and petroleum products loaded…
