us exemption

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Washington Extends Exemption from Russian Oil Sanctions for 30 Days

The United States has announced a 30-day extension of its exemption from sanctions on Russian oil, amid increasing pressures on global oil supplies due to the ongoing conflict in Iran. This decision comes at a sensitive time marked by significant market volatility.

Iran's Firm Response to U.S. Oil Exemption: "The Supply Has Run Out"

Iran has confirmed that its remaining oil supplies have been completely sold, responding to the U.S. announcement of a temporary exemption allowing the trade of its stored oil at sea. This reaction comes amid significant disturbances in the oil market.