Russia allows TotalEnergies to exit sanctioned LNG project
Russian President Vladimir Putin has authorized French energy major TotalEnergies to sell its 10% direct stake in the Arctic LNG 2 project to Russian company Nordline. This marks one of the most high-profile Western exits from Russia’s gas sector since the invasion of Ukraine. Unlike competitors like Shell or BP, TotalEnergies maintained its Russian LNG […]
Persian Gulf Strait Authority says US sanctions will not secure control of Hormuz
Iran’s Persian Gulf Strait Authority dismissed recent US sanctions, stating that the measures will not allow Washington to gain control over the strategic Strait of Hormuz. The Authority condemned the US sanctions, framing them as proof of its own operational success. Despite the US measures, the agency stated it continues to process requests and issue […]
EU Expands Iran Sanctions to Target Strait of Hormuz Blockades
The European Union is gearing up to widen its sanctions against Iran, focusing specifically on individuals and organizations responsible for obstructing traffic through the Strait of Hormuz. According to Reuters, two EU diplomats confirmed that member state ambassadors have reached a political consensus. They plan to update their sanctions criteria to officially penalize anyone interfering […]
US Hits Iran’s Oil Transport Network with New Sanctions
On Wednesday, the U.S. Treasury Department announced a fresh wave of sanctions aimed at crippling Iran’s oil transportation infrastructure. The new measures target a total of more than two dozen individuals, businesses, and ships. The primary focus of these sanctions is a shipping network operated by Iranian oil tycoon Mohammad Hossein Shamkhani. He is the […]
US Extends Sanctions Waiver for Russian Oil Giant Lukoil
US officials announced yesterday that the sanctions waiver for the Russian oil giant Lukoil has been extended to include its gas stations outside of Russia. This move comes as part of the Trump administration’s broader efforts to curb surging crude oil prices. As reported by AFP, this decision by the US Treasury Department’s Office of […]
US Ends Temporary Waiver on Iranian Oil Sanctions
The US Treasury Department announced it will not renew a short-term exemption that allowed the sale of Iranian oil already stranded at sea. The temporary easing, which expires on April 19, was initially implemented to stabilize global energy prices following supply shocks from a war that began on February 28. It only applied to oil […]
US Relaxes Russian Oil Sanctions for India to Address Supply Shortfalls
The US Treasury has issued a 30-day waiver (valid through April 4, 2026) that allows Indian refiners to purchase Russian oil currently stranded at sea. This is being framed as a “deliberate short-term measure.” By letting India absorb Russian crude that is already “floating” in Asian waters, Washington hopes to quickly inject supply into the […]
Serbia’s only oil refinery faces shutdown due to US sanctions
Serbia’s only oil refinery, Naftna Industrija Srbije (NIS), faces an imminent shutdown due to US sanctions targeting its majority Russian ownership. This situation poses a significant threat to the country’s energy security. The sanctions, enforced by the US starting October 9, 2025, target Russia’s energy sector. NIS is 51% owned by Gazprom and Gazprom Neft, […]
US Lifts Sanctions on Caspian Pipeline Consortium for Kazakh Oil
The United States has lifted sanctions on the Caspian Pipeline Consortium (CPC), the primary conduit used by Kazakhstan to export its oil to international markets. According to reports in the Kazakh media citing the US Office of Foreign Assets Control (OFAC), Washington has unblocked transactions related to the CPC as well as Kazakhstan’s largest oil […]
UK targets Russian oil market in fresh sanctions
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. The Russian […]