US extends partial easing of sanctions on Russian and Iranian oil
Washington has prolonged the partial easing of sanctions on Russian and Iranian oil as problems in the Strait of Hormuz remain unresolved.
Washington has prolonged the partial easing of sanctions on Russian and Iranian oil as problems in the Strait of Hormuz remain unresolved.
Any individuals or vessels involved in facilitating Iran’s financial or oil trade networks could face U.S. sanctions, the U.S. Treasury secretary Scott Bessen warned.
The U.S. administration plans to resume its sanctions against Russian oil after it is no longer necessary to lower energy prices amid the developments around Iran, U.S. Secretary of Energy Chris Wright said.
A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, Reuters reported, citing LSEG shipping data.
U.S. sanctions on Russian oil are back on after the U.S. administration let a waiver expire this weekend, Politico reported.
They had been under restrictions since the spring 2022
Iran will not end the hostilities until all sanctions on it have been lifted, military adviser to the supreme leader of the Islamic Republic Mohsen Rezaei said.
U.S. Treasury Secretary Scott Bessent said the maximum extra amount of oil revenue Russia could get would be $2 billion.
The U.S. administration waived sanctions on the purchase of Iranian oil at sea for 30 days in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli war on Iran.
Iran is getting ready for a protracted war of attrition as it wants assurances that the United States and Israel will not resume attacks in the future, the Financial Times reported, citing Iranian sources.
Indonesia has announced its readiness to purchase oil from Russia following the partial lifting of U.S. sanctions on the Russian energy resource, the country's Minister of Energy and Mineral Resources Bahlil Lahadalia said.
The flow of Russian oil into global markets following the easing of US sanctions is helping stabilize them, Kremlin Spokesman Dmitry Peskov said.
Russia sees U.S. moves to ease oil sanctions against Russia as an attempt to stabilize energy markets, Kremlin Spokesman Dmitry Peskov told a briefing.
Washington has temporarily lifted restrictions to the sale of Russian oil and petroleum products loaded onto tankers by March 12, with the sanctions relief set to last for a month.
Russian special presidential envoy for investment and economic cooperation with foreign countries and director general of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev met with the U.S. delegation in Florida on Wednesday.
U.S. President Donald Trump announced that Washington will lift oil sanctions on some countries and may even refrain from reinstating those.
Washington could decide to further ease sanctions on Russian oil, U.S. Treasury Secretary Scott Bessent told the Fox Business TV channel.
Important proposals regarding Iran's nuclear programme and the lifting of US sanctions were exchanged during today's talks, according to Iranian Foreign Ministry spokesman Esmaeil Baghaei.
According to the Kremlin, Moscow is ready to resume economic contacts with Washington.
In an interview with the BBC, Iran's Deputy Foreign Minister announced his willingness to discuss the country's nuclear potential in exchange for the lifting of US sanctions.