Energy

Illicit Iranian oil shipments continue to move through Asian waters toward China, generating a critical revenue stream for Tehran and helping Beijing build large crude stockpiles despite sanctions and heightened regional conflict.

The U.S. Treasury Department has issued a second temporary authorization allowing buyers to take delivery of Russian oil cargoes already at sea, broadening a waiver granted last week to India alone as Washington seeks to ease pressure on crude prices during the ongoing conflict in Iran.

Hungary returned two seized armored bank vehicles to Ukraine on Thursday but continued to hold cash and gold worth about $82 million as part of an alleged money-laundering investigation.

A federal judge in Manhattan on Wednesday granted a 90-day pause in the criminal case against Turkey’s state-run Halkbank, a first step toward a possible dismissal of charges that the bank helped launder billions of dollars in Iranian oil and gas proceeds.

Senate Democrats are pressing for a congressional hearing on the Trump administration’s decision to ease sanctions on Russian oil, arguing that the step could benefit Moscow even as the Kremlin is providing support for Iranian forces.

Hungary has shifted from opposing a new EU sanctions package targeting Russia to calling on its fellow EU member-states to lift all restrictions on Moscow’s fossil-fuel industry.

An investigative news outlet on Thursday launched a searchable online database containing nearly 3,200 financial disclosure records for more than 1,500 Trump-appointed federal officials, detailing extensive financial ties between senior members of the administration and the industries they regulate.

The United Arab Emirates is considering freezing billions of dollars in Iranian assets held in the Gulf state, a move that could sharply restrict Tehran’s access to foreign currency and global trade networks.

The United States is temporarily easing sanctions on Russian oil sales to India with a 30-day waiver aimed at preventing supply shortages and cushioning a sharp rise in crude prices after U.S. and Israeli attacks on Iran.

Kyiv’s assets-declaration watchdog missed multiple red flags in the filings of former Ukrainian energy minister Herman Halushchenko, according to Transparency International Ukraine.