All articles tagged with #sanctions and embargoes
With a Russian oil tanker near Cuba carrying about 200,000 barrels of fuel, Trump says he will not enforce the blockade on Cuba, signaling a potential easing of sanctions and prompting questions about legality and effectiveness.
The Treasury will allow the sale of about 140 million barrels of Iranian crude already loaded on vessels, a move the Biden administration says is meant to ease soaring oil prices—though critics warn the measure could boost Iran’s war effort against the U.S.
Tariffs are rippling through U.S. supply chains even before the Iran conflict, as fears of higher oil and energy costs push prices up. Small businesses across cities like Minneapolis, Atlanta and Chicago are bracing for steeper fuel bills and squeezed margins, raising concerns about margins, cash flow and daily operating costs amid global tensions and policy shifts.
Amid a U.S. oil blockade, Cuba’s national power grid collapsed, triggering an island-wide blackout, as President Trump again threatened to topple the communist government.
Russia is reveling in Trump’s decision to lift U.S. sanctions on Russian oil at sea, viewing it as a financial windfall that could ease penalties Moscow had begun to feel and help fund Putin’s war, even as oil markets swing due to the U.S.-Israel confrontation over Iran.
Two Iranian IRISL cargo ships, the Hamouna and the Shabdis, departed a Chinese chemical-storage port laden with cargo experts say is a rocket-fuel precursor, according to Washington Post ship-tracking data, satellite imagery, and Treasury records, a move notable as the U.S. and Iran remain at war and Beijing allows the voyage.
Washington and Caracas have moved quickly to open Venezuela’s oil sector to U.S. investment and ease sanctions, signaling a swift shift in energy policy, but everyday Venezuelans are unlikely to feel immediate relief from the changes.