Iranian-linked ships carrying Russian oil were among those that received temporary exemptions from sanctions, a sign of how dire the energy crisis is becoming.
Category: Embargoes and Sanctions
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Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
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How This Oil Supply Shock Compares to the Embargo of 1973
Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end.
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As Oil Prices Rise, Trump’s War With Iran Becomes a Worldwide Economic Hazard
The president insists conflict with Iran will be brief, but world leaders are preparing for severe economic blowback.
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Senator Blumenthal Opens Inquiry Into Iran Transactions on Binance
Senator Richard Blumenthal of Connecticut sent a letter to Binance asking about the flow of $1.7 billion from accounts on the crypto exchange to Iranian entities.
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Supreme Court Considers Fate of Docks and Other Assets Seized by Cuba in 1960
Amid rising tensions with Cuba, the Trump administration is backing lawsuits that would allow Americans to get compensation for property confiscated by Fidel Castro’s regime.
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Binance Pledged to Crack Down on Crime. Its Employees Found Potential Violations.
Internal Binance investigators traced $1.7 billion that flowed from accounts on the exchange to entities linked to Iran, according to company records and other documents.
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Trump Aides Project Confidence on Tariffs After Court Loss
Administration officials maintain that they can replicate the sky-high duties recently invalidated by the Supreme Court.
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Venezuela’s Natural Gas, Not Oil, Might Be a Big Early Prize
The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.
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Lukoil Gas Station Franchisees Caught in a Fight Between US and Russia
After the United States imposed sanctions on Russia’s two biggest oil producers, the ripple effects wreaked havoc on business for local franchisees.
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Russia’s Lukoil to Sell Its Foreign Assets to U.S. Investment Firm
The deal with Carlyle comes after the United States and the European Union imposed sanctions on Lukoil, putting a dent in the Kremlin’s oil revenue.
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No Ikea Shelves, No Levis: The Retailers Pulling Out of Russia
Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia are leading Western brands to halt operations.