US sanctions target Venezuelan oil trade amid ongoing tanker arrivals
The US has imposed sanctions on four traders accused of shipping Venezuelan oil, as part of its broader efforts to pressure Venezuela's government.
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Oil Shipping
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EU Targets Russia's Shadow Fleet and Enablers in New Sanctions
The EU has imposed sanctions on five individuals and four entities linked to Russia's shadow fleet and oil exports, aiming to weaken Russia's economic capacity to sustain its military actions in Ukraine, with measures including asset freezes and travel bans.
Tensions in Strait of Hormuz Impact Global Oil Trade
Tensions between the US and Iran following US airstrikes on Iranian nuclear sites are causing cargo ships to avoid the Strait of Hormuz, a critical global oil route, leading to potential disruptions in oil supply and increased market volatility, with some shipping companies halting or delaying transit through the region.
Tensions Rise as Iran Considers Closing Strait of Hormuz Amid US and Global Concerns
Two supertankers changed course in the Strait of Hormuz following US airstrikes on Iran, signaling potential rerouting of oil shipments amid rising Middle East tensions, with shipping advisories and increased freight rates reflecting heightened risks.