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20.04.26 - 05:01
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Oil and Gas Jump After US Seizure of Iranian Ship Imperils Talks (Bloomberg)
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Oil and natural gas prices have soared after the US Navy seized an Iranian-flagged cargo ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz. Bloomberg's Laura Davison and Stephen Stapczynski report on the latest. (Source: Bloomberg)...
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20.04.26 - 04:51
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Washington′s Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner (ZeroHedge)
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Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Authored by Andrew Korybko,
Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its envisaged role as a counterweight of sorts to China while more energy revenue from India preemptively averts Russia's potentially disproportionate dependence on China.
The Treasury Department renewed the US' Russian oil sanctions waiver on Friday two days after Secretary Scott Bessent said that this wouldn't happen.
It remains unclear what exactly accounts for this flip-flop, but it's possible that Trump 2.0 concluded that a deal with Iran might not be reached as soon as some optimists expected, so it's better to keep Russian oil on the global market for another month to maintain global economic stability. Russia and the US' shared Indian partner gains the most from this.
The IMF recently assessed that India will remain the world'...
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