US Sanctions

Sanctions on Russia "will be used explicitly and aggressively for immediate maximum impact" at President Donald Trump's guidance, Bessent told an audience at the Economic Club on New York

The decision to pause Ukraine's military aid comes days after US President Donald Trump's televised Oval Office blowout with his counterpart Volodymyr Zelenskyy

US sanctions four Indian firms for allegedly transporting Iranian oil, citing a covert network fueling Tehran's destabilising activities

The US on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the US and its allies. The US Treasury and the US State departments sanctioned more than 30 people and ships, including the heads of Iran's National Iranian Oil Co, and the Iranian Oil Terminals Co, for their role in brokering the sale and transportation of Iranian oil. The sanctioned ships move crude oil valued in the hundreds of millions of dollars, according to the Treasury. This is the second round of sanctions imposed on Iranian oil sales since President Donald Trump issued the National Security Presidential Memorandum 2, which calls for the US to drive Iran's export of oil to zero. It also states that Iran can never be allowed to acquire or develop nuclear weapons. At the time of the memo's signing in February, Trump said from the Oval ..

Widened sanctions on Moscow by Western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases

Huawei on Tuesday held a global launch for the industry's first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid US technology curbs. But challenges over pricing, longevity, supply and app constraints may limit its success. Huawei said at a launch event in Kuala Lumpur that the Huawei Mate XT, first unveiled in China five months ago, will be priced at 3,499 euros (USD 3,662). Although dubbed a trifold, the phone has three mini-panels and folds only twice. The company says it's the thinnest foldable phone at 3.6 millimetres (0.14 inches), with a 10.2-inch screen similar to an Apple iPad. Right now, Huawei kind of stands alone as an innovator" with the trifold design, said Bryan Ma, vice president of device research with the market intelligence firm International Data Corporation. Huawei reached the position despite not getting access to chips, to Google services. All these things basically have been huge roadblocks in front of Huawei,

Some are existing outfits that have not been impacted by the punitive measures, while others are newly created, replacing those that are now off-limits

India became the top buyer of Russian sea-borne oil sold at a discount after Western nations imposed sanctions on Moscow and curtailed energy purchases in response to Russia's invasion of Ukraine

Two of the listed projects were funded by USAID, three by the Bureau of International Narcotics and Law Enforcement and one directly by the Department of State, the document showed

US President Donald Trump's executive order imposing sanctions on the International Criminal Court could jeopardise trials and investigations at the world's only permanent global tribunal for war crimes and genocide. The order Trump signed Thursday accuses the ICC of illegitimate and baseless actions targeting America and our close ally Israel. It cites the arrest warrant the ICC issued last year for Israeli Prime Minister Benjamin Netanyahu and his former defence minister, Yoav Gallant, over alleged war crimes in Gaza. The Hague-based court condemned the move. The Court stands firmly by its personnel and pledges to continue providing justice and hope to millions of innocent victims of atrocities across the world, the court said in a statement. What is the International Criminal Court? The court was created in 2002 to be a last stop for the most serious international crimes: war crimes, crimes against humanity, genocide and aggression. The United States and Israel are not members,

Rubio emphasised that the seizure of Venezuelan aircraft demonstrates the US's determination to hold Nicolas Maduro's regime accountable for its illegal activities

President Donald Trump on Thursday signed an executive order imposing sanctions on the International Criminal Court over investigations of Israel, a close U.S. ally. Neither the U.S. nor Israel is a member of or recognizes the court, which has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes over his military response in Gaza after the Hamas attack against Israel in October 2023. Tens of thousands of Palestinians, including children, have been killed during the Israeli military's response. The order Trump signed accuses the ICC of engaging in illegitimate and baseless actions targeting America and our close ally Israel" and of abusing its power by issuing baseless arrest warrants against Netanyahu and his former defense minister, Yoav Gallant. The ICC has no jurisdiction over the United States or Israel, the order states, adding that the court had set a dangerous precedent with its actions against both countries. Trump's action came as .

The move comes after US President Donald Trump earlier this week vowed to bring Iran's oil exports to zero as the US tries to prevent the country from obtaining a nuclear weapon

Iran's oil minister Mohsen Paknejad told Al Ghais that imposing unilateral sanctions on crude producers would destabilise energy markets

Rubio had provided waivers for food assistance as well as some salaries and administrative expenses

Washington imposed fresh sanctions on Jan 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships

Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources

India's second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent, for about a third of its feedstock

Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman Arvinder Singh Sahney said on Thursday. Speaking to PTI here during the World Economic Forum Annual Meeting, he also said there are several energy sources that can be tapped to meet India's energy requirements in case of any eventuality. Asked about the Indian participation at Davos, Sahney said it feels great to see India with a big presence here. "It helps as so many global corporates we can meet here at a single place. We can exchange ideas with all of them, and that's good for the company and economy as a whole," he added. On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy and we are not averse to more energy

As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense