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nypost.comThree cargo-empty, U.S.-sanctioned tankers recently passed through a U.S. Navy blockade line and entered the area. One tanker briefly turned off its AIS signal, one flies the Russian flag, and one stayed close to the Omani coast.
indiatoday.intoday.inSatellite images captured an oil slick near Kharg Island estimated in the tens of thousands of barrels. The spill has raised concerns about the condition of Iran’s oil infrastructure. Kharg Island serves as a key export terminal in the Persian Gulf.
rediff.comA shortage of petrochemical feedstocks from Iran has driven up prices for plastic packaging used in food and medical products across Asia. The disruption stems from an oil crisis in Iran that has reduced supply of key inputs. Higher costs are affecting manufacturers and could rea…
thehindubusinessline.comChina's Ministry of Commerce has directed its citizens and companies not to comply with specific U.S. sanctions on trade with Iran. The order targets designations of five Chinese refiners and comes days before President Trump's meeting with Chairman Xi Jinping in Beijing. It mark…
manilatimes.netChina issued a legal order declaring U.S. sanctions on five Chinese refineries null and void within its territory. The order prohibits Chinese companies from complying with the sanctions. This marks the first activation of China's Blocking Rules, established in 2021.