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...
A senior military adviser to Iran's Ayatollah Mojtaba Khamenei insulted US President Donald Trump and vowed to destroy Israel in remarks to state television on Wednesday, as their countries wage a war that has engulfed the Middle East. "Trump is the most corrupt and stupid American president," Yahya Rahim Safavi said. "He is Satan himself." He also reiterated longstanding threats to eradicate Israel, which is fighting the Islamic republic alongside the United States. "In the Middle East region, Israel and Iran cannot be together. One of them must remain. The one that remains is Iran and the one that is destroyed is definitely the Zionist regime," he said. Read More: Iran denies special passage for Indian tankers through Strait of Hormuz Separately, Iran's powerful parliament speaker Mohammad Bagher Ghalibaf warned that Tehran will "abandon all restraint" if the United States and Israel attack any of its islands in the Gulf. "Any aggression against soil of Iranian islands will shatter all restraint. We will abandon all restraint and make the Persian Gulf run with the blood of invaders," said Ghalibaf in a post on X. It was not immediately clear which islands he was referring to, but a recent Axios report cited US officials as saying that capturing Kharg was on the table as the war in the Middle East spirals.
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