Ministers say the UK will not be following the US by loosening sanctions on some Russian oil.

Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.

Scott Bessent acknowledged the concern but said, “we hope that it will be in a micro period that they (Russia) will benefit.” ...

Global crude oil prices cooled marginally on Friday after the United States announced a temporary waiver allowing countries to purchase Russian oil that is currently stranded at sea. The move, aimed ...

The U.S. is temporarily lifting sanctions on Russian oil currently stranded at sea in an effort to keep soaring energy prices ...

Brent crude was trading at $99.99 per barrel, down 0.47 per cent, while West Texas Intermediate (WTI) dropped 0.67 per cent to $95.09 per barrel.

Amid escalating tensions in West Asia, the strategic Strait of Hormuz, a critical route for global oil supplies, has become a ...

For many, it is a war between US-Israel and Iran sparked by the Feb 28 strikes that killed Iranian leader Khamenei. But there ...

Thai Airways fares rise as fuel costs, Pattaya clash ends with US soldier fighting police, plus scam centre crackdown hopes.

The Trump administration temporarily lifted sanctions on Russian oil “stranded at sea” Thursday in an effort to contain skyrocketing energy prices due to Iranian threats against tanker ships. Treasury ...

Iran Foreign Ministry spokesperson Esmaeil Baqaei according to IRNA said: “…to show the enemy that you cannot start a war ...

By granting this limited flexibility, the US is signalling that market stability is now a bigger priority than strictly enforcing punitive trade measures.