Iran urges OPEC to unite against potential U.S. oil sanctions, warning that new restrictions could destabilize global energy markets and disrupt supply chains.
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U.S. sanctions
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U.S. sanctions on Russia could disrupt global oil supply, but non-OPEC+ producers may stabilize markets despite rising Brent crude prices.
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U.S. targets Russian firms, vessels, and operators in fresh sanctions on the Nord Stream 2 pipeline, maintaining opposition to Russia’s energy influence.
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India’s Reliance Industries secures a crude-for-naphtha swap deal with Venezuela after receiving U.S. approval to resume oil trade, navigating sanctions and global oil market challenges.
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China, the world’s leading oil importer, is growing fond of Iranian crude. Global price surges, influenced by extended supply reductions by critical players like Saudi Arabia and Russia, have led …