Global oil prices spiked sharply on Thursday after the United States imposed sweeping sanctions on Russia’s largest oil companies, Rosneft PJSC and Lukoil PJSC. Brent crude surged by more than 5%, trading near $66 a barrel — its biggest single-day gain since the Israel-Iran conflict began in mid-June. The sanctions,…
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U.S. Sanctions 8 Indians, Firms in Iran Energy Crackdown
Washington: The U.S. has imposed sanctions on eight Indian nationals and several India-based firms for allegedly facilitating Iranian energy trade, marking a significant move in its ongoing effort to curb Tehran’s global revenue streams. The Department of State announced that around 40 entities, individuals, and vessels were sanctioned to “deny…