The Treasury waiver enables Iranian banks to receive payments internationally easing the country’s most pressing foreign-exchange crunch.
Tag: Oil
Iran Oil Lifting: A Boon for Iranian Banks That Can Now Receive Foreign Payments Directly
The US waiver allows Iranian banks to receive payments abroad enabling the regime to more easily repatriate oil revenue for the first time in years.
Oil Prices Continue Falling as US-Iran Peace Talks Show Progress
Crude oil markets cheered the apparent diplomatic progress in Switzerland as energy traders look for post-war normalisation.
US Temporarily Lifts Oil Sanctions on Iran Allowing Dollar-Denominated Sales
The Treasury waiver allows Iran to sell crude oil and petrochemical products in US dollars for the first time in decades, easing sanctions pressure.
China’s Independent Oil Refiners Slash Processing Runs to Nine-Year Low
Smaller Chinese refiners are cutting output dramatically amid compressed margins and lower crude demand, signalling stress in Asia’s oil market.
India’s Crude Oil Imports from Russia Rise to 2.66 Million Barrels Per Day in June Surpassing May
India continues to be one of the world’s largest buyers of discounted Russian crude with June import volumes significantly exceeding the previous month’s figure.
US Stocks Drift After Oil Prices Ease Following Iran Deal Progress Reports
Wall Street moved cautiously on Monday as traders balanced optimism over the US-Iran roadmap against uncertainty about implementation timelines and sanctions relief schedules.
US Seizes Iranian-Linked Oil Tankers in Indian Ocean as Post-Ceasefire Naval Standoff Continues
American forces intercepted three Iranian oil tankers in international waters in a continuation of the maritime campaign aimed at cutting off Iranian energy revenues.
Strait of Hormuz: UAE Oil Company Says Full Shipping Flows Won’t Resume Until 2027
Even if a final nuclear deal is reached tomorrow the physical and insurance infrastructure needed to restore full oil tanker traffic will take many months.
India’s Crude Oil Import Bill Rose Sharply in May as Energy Prices Spiked
Higher global oil prices driven by Middle East supply disruption outweighed stable import volumes raising India’s energy import costs significantly in May 2026.