From Cuba to South Korea, Russian Oil Exports Start Arriving
Cuba was preparing on Monday to receive a sanctioned Russian tanker carrying about 730,000 barrels of oil, offering a temporary lifeline to the island as it struggles through a fuel crisis worsened by a U.S. oil blockade.
Even with U.S. Waiver, Iran’s Oil Heads for China
China remains the destination for about 90 percent of Iranian crude exports despite a recent U.S. sanctions waiver intended to release previously restricted oil onto global markets.
India Begins Buying Iranian LPG Again
India has purchased its first cargo of Iranian liquefied petroleum gas in years after the United States temporarily lifted sanctions on Tehran’s oil and refined fuel exports.
South Africa’s ‘Rhino Baron’ Accused of Running Massive Horn-Trafficking Ring
South African authorities have accused captive rhino breeder John Hume of leading one of the largest rhino-horn trafficking syndicates on record and using domestic reporting requirement to conceal his illicit activity.
Trump’s Iran Sanctions Lift Could Give Tehran $14bn Windfall
President Donald Trump is facing bipartisan blowback after his administration temporarily eased sanctions on Iranian oil, a move that could allow Tehran to sell up to 140 million barrels now at sea and generate as much as $14 billion as oil prices surge during the U.S.-backed war against Iran.
U.S. Mulls Lifting Some Iran Sanctions to Mitigate Oil-Price Surge
The United States may remove sanctions in the coming days on about 140 million barrels of Iranian oil stranded aboard tankers at sea, according to The Guardian, which cited recent comments by U.S. Treasury Secretary Scott Bessent.
Billionaire Bolloré Faces Trial in Foreign Bribery Case
French billionaire Vincent Bolloré has been ordered to stand trial in Paris to face charges that he bribed a foreign public official in Togo among other allegations, in a long-running case tied to the Bolloré Group’s business activities in West Africa.
Russia’s Shadow-Fleet Broker is Banking on Sanctions Lift and Oil Demand
A trader identified by The Wall Street Journal as a central figure in Russia’s shadow fleet has revived his oil business after the Iran war disrupted supplies from the Persian Gulf and boosted demand for Russian crude that had been stranded at sea.
U.S. Lifts Major Restrictions on Venezuela’s PDVSA
The United States on Wednesday issued a general license broadly authorizing U.S. companies to do business with Venezuela’s state-run oil company PDVSA, a move that could unlock new investment and eventually increase the country’s crude production capacity.
For Iran, Oil Sales Continue Despite Sanctions and War
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.