(Reuters) – The U.S. has started waiving some sanctions on Iran under their interim deal to end the war, but fully unravelling a tangled web of restrictions on the country’s activities and trade under any more comprehensive agreement will be much harder. This is why any effort to lift sanctions on Iran could take years …
Will US and International Sanctions on Iran be Lifted? Read More »
(Reuters) – U.S. President Donald Trump insisted on Tuesday that Iran has agreed to allow nuclear inspections long into the future, despite statements from Iran that it has not done so. “Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!),” he wrote in a social media post. “This …
Trump Insists Iran Has Agreed to Nuclear Inspections Read More »
(Reuters) – Oman and Iran will form a team to reach an agreement on “administration of navigation in the Strait of Hormuz” and associated costs and services, the two countries said in a joint statement on Tuesday. The two states will hold talks with coastal countries and other concerned parties, the statement said. Reporting by …
Oman, Iran to Hold Talks Regarding Future Management of Strait of Hormuz Read More »
By Emily Chow, Florence Tan and Nerijus Adomaitis Three stranded VLCCs exited strait on Tuesday, data show Seven Qatar-linked ballast LNG tankers enter Hormuz, data show No widespread movement of empty LNG vessels toward Gulf still SINGAPORE/OSLO, June 23 (Reuters) – Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty …
More Vessels Transit Hormuz, Qatar-Linked LNG Tankers Return, Data Show Read More »
By Nidhi Verma India LPG imports from U.S. set to exceed 1 million tons in June India imported 648,300 tons of LPG from the U.S. in May LPG is widely used as cooking fuel in Indian households NEW DELHI, June 23 (Reuters) – India’s imports of liquefied petroleum gas (LPG) from the U.S. are set …
India’s LPG Imports From US Set to Cross 1 Million Tons in June, Sources Say Read More »
By Simon Jessop and Susanna Twidale Twenty-five GWh to be built at sites in Italy, Britain Part of 100 GWh buildout that could cost $4 bln-$5 bln Targets more than $15 billion in revenue over 20 years LONDON, June 23 (Reuters) – Independent energy firm NatPower and Tesla (TSLA.O) said on Tuesday they had reached …
NatPower, Tesla Reach Deal on First Phase of $5 Billion Battery Storage Plan Read More »
Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth straight week and marking a 15% drop from their May peak. The national average price of gasoline fell 14.1 cents a gallon over the last week to $3.85 per …
US Gasoline Prices Tumble for Sixth Straight Week Read More »
By Georgina Mccartney US, Iran conclude high-level talks in Switzerland Iran has secured waivers for oil, petchem exports Brent rose earlier after bumpy start to talks HOUSTON, June 22 (Reuters) – Oil prices settled more than 3% lower on Monday, as supply concerns eased after U.S. Vice President JD Vance said progress has been made …
Oil Settles Down More 3% After US-Iran Talks Signal Easing Supply Risks Read More »
(Reuters) – Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike. While the near-total closure of the Strait of Hormuz cut off a …
Iran War Triggers Global Race to Build Oil Reserves: Bousso Read More »
(Reuters) – The Trump administration on Monday proposed looser rules for oil and gas drilling operations on federal lands, including a dramatic cut to clean-up costs for abandoned wells. The moves are aligned with President Donald Trump’s goal to reduce regulations for businesses and make it easier to invest in production of domestic fossil fuels. …
US Proposes to Slash Costs for Energy Drillers on Federal Lands Read More »
