The Treasury waiver allows Iran to sell crude oil and petrochemical products in US dollars for the first time in decades, easing sanctions pressure.
Tag: Oil
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.
US Stocks Drift as Oil Prices Ease and Big Tech Falls After Iran Deal News
Markets moved cautiously on Monday as investors weighed the impact of progress in US-Iran talks against falling crude prices and weakness in tech stocks.
Iran Oil Sector Faces Reconstruction as US Temporarily Lifts Select Sanctions
With preliminary nuclear deal terms agreed analysts forecast cautious investment in Iranian energy if inspections and compliance milestones are met.
India’s Crude Oil Imports from Russia Hit 2.66 Million Barrels Per Day in June
India continues to be one of the largest buyers of discounted Russian crude with June volumes significantly above May’s 1.91 million bpd.