An oil spill has been reported near Iran’s Kharg Island, raising environmental and maritime concerns around one of the country’s most important oil export hubs. According to a report based on satellite imagery published by the New York Times, oil has been observed spreading from the coastal waters surrounding Kharg Island. The exact cause of […]
oil exports
UK authorises military to board Russian oil ships amid sanctions crackdown
LONDON — British Prime Minister Keir Starmer announced on Wednesday that the UK military has been authorised to board and detain Russian ships believed to be part of Moscow’s so-called “shadow fleet” of oil tankers. These vessels are alleged to help Russia circumvent Western sanctions while funding its ongoing war in Ukraine. Read More: Ukrainian […]
Venezuela resumes oil shipments to Israel after years
Venezuela has sent its first crude oil shipment to Israel in several years, marking a notable shift in the South American nation’s oil export patterns following recent political upheaval, multiple reports cited Bloomberg on Tuesday. The delivery to Israel’s Bazan Group, the country’s largest crude processor, would be the first since mid‑2020, according to energy […]
Trump says Venezuela will supply up to 50m barrels of oil to US
US President Donald Trump said on Tuesday that Venezuela interim government has agreed to deliver between 30 and 50 million barrels of oil to the United States. He said the proceeds from the sale of the oil would be overseen by him as president. In a social media post, Trump said the oil would be […]
US hits Iran with new oil and shipping sanctions
Washington: The US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed new sanctions on Iranian companies and shipping brokers supporting the country’s armed forces through oil sales. The move aims to curb funding for Iran’s nuclear weapons program and its support for terrorist groups. Treasury Secretary Scott Bessent said the sanctions are part of […]
Russia launches massive drone strikes on Kyiv, Ukraine retaliates
KYIV: Russia carried out one of the largest drone and missile attacks on Kyiv on Friday, killing six people in the capital and two more in southern Ukraine. The strikes targeted energy facilities, apartment buildings, and infrastructure, leaving debris and fires across nine districts of the city. Read More: Zelensky imposes sanctions amid Kyiv corruption sandal A […]