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Image posted by Department of War on X US military forces on Sunday boarded another sanctioned oil tanker in the Indian Ocean after tracking it from the Caribbean Sea as part of efforts to curb illicit oil shipments linked to Venezuela.According to the defence department, US forces conducted the operation overnight in the INDOPACOM area…
The United States has intercepted and seized another sanctioned oil tanker at sea, escalating its enforcement campaign against so-called “ghost fleet” vessels accused of moving embargoed crude and drawing sharp criticism from Moscow. This was the fifth such interception under Trump’s administration aim to control the distribution of Venezuela’s oil products.The latest operation, carried out…
Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…
US sanctions on Rosneft and Lukoil are having a softer financial impact on Indian refiners than initially feared, with wider discounts on Russian crude nearly offsetting the expected drop in volumes. Indian state-owned and private refiners have halted cargoes from the two sanctioned firms and are instead sourcing from non-sanctioned suppliers. Recent tenders for January…
US President Donald Trump has thrown his weight behind a new wave of hard-hitting sanctions aimed at isolating Russia, warning that countries maintaining trade ties with Moscow—and potentially Iran—will be “very severely sanctioned.”Speaking to reporters on Sunday, Trump said he supported congressional efforts to advance tougher penalties on Russia and President Vladimir Putin. “I hear…
Data from Kpler shows Reliance’s imports dropped to 534,000 barrels per day (bpd) in October. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has cut back on its crude oil imports from the Russia and in the coming months is expected to stop buying from entities sanctioned by the Donald Trump administration. RIL is the largest…
The United States on Thursday imposed a new round of sanctions accusing individuals and entities of helping Iran export oil and liquefied petroleum gas (LPG). A release by the US department of the treasury’s office of foreign assets control (OFAC) announced sanctions on over 50 individuals, companies and vessels for their alleged roles.According to an…
The United States on Wednesday imposed sanctions on two Indian nationals accused of running online pharmacies that sold fake pills filled with deadly drugs like fentanyl and methamphetamine to American consumers.According to a report from the Washington Times, the officials identified the two accused, 39-year-old Sadiq Abbas Habib Sayyed and 34-year-old Khizar Mohammed Iqbal Shaikh,…
