China calls Hormuz international waterway; Xi urges reopening
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April 20, 2026
BEIJING, Chinese President Xi Jinping called on Monday for the Strait of Hormuz to be opened to normal passage of ships, as Beijing calls it an “international waterway” and Iran claims inalienable rights over it. China calls Hormuz…
U.S. to “severely prosecute” anyone buying or selling sanctioned Iranian oil
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April 13, 2026
As President Donald Trump announced a blockade of the Strait of Hormuz, a senior U.S. Justice Department official said the U.S. threatened to “severely prosecute” anyone who buys or sells sanctioned Iranian oil. U.S. to “severely…
U.S. Treasury Secretary Bessent said the U.S. hinted it would drop sanctions on Iran and could release stranded oil tankers
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March 19, 2026
The United States is considering a major policy shift to lift sanctions on Iranian oil currently stranded on tankers at sea. U.S. Treasury Secretary Scott Bessant said on Thursday the move was aimed at increasing global crude supplies and easing price…