Iran Oil Now In U.S.? Stunning Twist As Putin Turns Tables On Trump Amid Wars In Ukraine, Gulf

By Times Of India

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The United States is weighing a possible easing of sanctions on shadow fleet vessels that have transported oil and petroleum products from Iran, Russia and Venezuela, Reuters reported Wednesday. The Trump administration hopes the move will help reduce record-high global freight rates and increase shipments from the Persian Gulf. Companies would have to apply to the US Treasury Department, and sanctioned Russian oil would remain excluded, according to the US Energy Department. Shipping industry sources caution that European and British insurance restrictions could limit any reduction in freight costs. #USSanctions #ShadowFleet #Iran #Russia #Venezuela #DonaldTrump #OilShipping #GlobalOil #FreightRates #OilMarkets #PersianGulf #EnergyNews #Reuters Times Of India (TOI) Is The Largest Selling English Daily In The World. Times Of India Videos Bring You Global News, Views And Sharp Analysis. We Track India's Global Rise, Her Increasing Engagement With The World, The Changing Geopolitica

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