iranian oil

China calls Hormuz international waterway; Xi urges reopening

BEIJING, Chinese President Xi Jinping called on Monday for the Strait of Hormuz to be opened to normal passage of…

2 weeks ago

U.S. to “severely prosecute” anyone buying or selling sanctioned Iranian oil

As President Donald Trump announced a blockade of the Strait of Hormuz, a senior U.S. Justice Department official said the…

3 weeks ago

U.S. Treasury Secretary Bessent said the U.S. hinted it would drop sanctions on Iran and could release stranded oil tankers

The United States is considering a major policy shift to lift sanctions on Iranian oil currently stranded on tankers at…

2 months ago