The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilise global energy markets roiled by the Iran war. Oil prices eased on Friday morning in Asia after the US waiver announcement, which, according to Russia's presidential envoy Kirill Dmitriev, would affect 100 million barrels of Russian crude, equal to almost a day's worth of global output. The move, the second significant rollback of Ukraine war-related US sanctions in just over one week, was the latest attempt by President Donald Trump's administration to tame energy prices after the US and Israeli strikes on Iran paralysed shipping through the Strait of Hormuz. The 32-nation International Energy Agency said on Thursday that the war in the Middle East was creating the biggest oil supply disruption in history. Waiver runs till April 11 The licence issued by Washington on T...
Japan will inform the US next week that it intends to join the "Golden Dome" missile defence initiative and expects that Washington may seek its help with missile production due to the Middle East war and other conflicts, two sources said. Prime Minister Sanae Takaichi will announce the latest plan when she meets US President Donald Trump in Washington D.C. at a leaders' summit on March 19, the Japanese government sources said, requesting anonymity due to the sensitivity of the matter. Trump's Golden Dome project, announced last year with an ambitious 2028 timeline, envisions expanding existing ground‑based defences such as interceptor missiles with more experimental space‑based elements, meant to detect, track and potentially counter incoming threats from orbit. But the project has made little visible progress so far. Details of how Japan will participate also remain unclear. The Yomiuri newspaper, which first reported Japan's plans on Frida...