The US has taken a stand against Iran's hidden oil ships. They've put sanctions on nine ships and eight companies. These ships and companies are based in India, Oman, and the UAE. They've been moving Iranian oil worth millions of dollars to other countries. The US Treasury says these ships help Ira
The world is facing a new challenge: a secret fleet of ships, often old and poorly maintained, is being used to move oil and other goods while avoiding sanctions. This fleet, known as the "shadow fleet, " is growing rapidly, especially after Russia's invasion of Ukraine in 2022. It now includes arou
In the vast Caribbean Sea, a fleet of at least 34 oil tankers, previously flagged by the U. S. , are currently navigating waters. These tankers have a history of transporting Venezuelan oil, with 12 of them seemingly filled with crude from the South American nation, according to trade intelligence f
India and Russia are set to strengthen their long-standing partnership during an upcoming summit in New Delhi. President Vladimir Putin's visit comes at a crucial time, as India navigates complex relationships with both Russia and the United States. The summit highlights the enduring bond between I
The Strait of Hormuz is a critical waterway for global oil trade. It is a narrow passage between Iran and Oman. Around 20% of the world's crude oil flows through this strait daily. This makes it a vital route for many countries, including China. China relies heavily on this strait for its oil import
In a surprising turn of events, a former U. S. president has proposed a significant tariff on Russian oil. This move is seen as a direct challenge to Russian President Vladimir Putin. The idea is simple: if you buy oil from Russia, you can't do business in the United States. The proposed tariff woul
