Washington, March 21 (IANS) The United States has announced a 30-day sanctions waiver permitting the sale of Iranian oil currently stranded at sea, in a move aimed at easing mounting pressure on global energy supplies triggered by the ongoing conflict with Iran.Taking to X, US Treasury Secretary Scott Bessent said the decision is intended to quickly stabilise global markets by unlocking already available oil supplies.“By temporarily unlocking this existing supply for the world, the United Stat…
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Washington, March 14 (IANS) The United States expanded authorisations for Venezuela’s energy and petrochemical sectors, a move that could help stabilise global fertilizer and oil supplies — developments closely watched by major importers such as India.The US Treasury Department said the changes were made through updated licences issued by its Office of Foreign Assets Control (OFAC) as part of efforts to revive Venezuela’s energy industry and support global commodity markets.“The Trump ad…
New Delhi, March 8 (IANS) India has started securing additional crude oil supplies from alternative global sources as the conflict involving Iran continues to disrupt energy flows in West Asia. Indian refiners are negotiating cargoes from countries such as the United States, Russia and producers in West Africa to ensure stable fuel supplies if the geopolitical tensions persist, according to the sources.The move comes as tensions in the region have raised concerns about disruptions in oil shipmen…
Washington, Jan 30 (IANS) President Donald Trump has filed a civil lawsuit against the Internal Revenue Service and the US Treasury Department, seeking at least $10 billion in damages over the unauthorised disclosure of his tax return information by an agency contractor who later pleaded guilty to a felony.The lawsuit, filed Thursday in federal court in the Southern District of Florida, names the IRS and the Treasury Department as defendants and was brought by Trump alongside his two eldest sons…
Washington, Jan 14 (IANS) The United States has designated the Egyptian, Lebanese and Jordanian branches of the Muslim Brotherhood as “terrorist organisations”, citing in part what it described as their support for the Hamas terror group, in a move that is set to impose sweeping sanctions on one of the Arab world’s oldest and most influential Islamist movements.The decision, which Washington formally initiated in November last year, will trigger financial and travel restrictions against the thre…
Havana, Dec 21 (IANS) Cuban Foreign Minister Bruno Rodriguez Parrilla said that the US government’s designation of the legitimate government of Venezuela as a “foreign terrorist organization” is a politically motivated act.”It is a new arbitrary, fraudulent, unilateral and politically motivated act. It shows, once again, the lack of credibility of these decisions and the manipulation of terrorism as a political weapon, which also weaken international efforts against that scourge,” Rodriguez said…