US imposes fresh sanctions on Iran amid speculation of interim deal over Strait of Hormuz

The US imposed fresh sanctions on Iran on Thursday, May 28, despite the ongoing peace talks in Qatar to end the war and hostilities which, if successful, will lead to the possible lifting of all previous sanctions. It “is sanctioning numerous entities, individuals, and vessels that form the backbone of Iran’s illicit oil economy, directly targeting the financial lifeline of…Read More

India trades in Russian oil for 7% reduction in US tariffs

US President Donald Trump announced the finalization of a trade deal with India on Monday, February 2, claiming India has agreed to eliminate all trade barriers on US products. Trump claimed that India has also agreed to stop buying Russian oil and instead will buy more American and “potentially” Venezuelan oil in the coming days. As per the deal, the…Read More