India, May 30 -- China backs Iran on the Strait of Hormuz, vowing to continue buying Iranian oil and stand with Tehran regardless of sanctions while stating, "No amount of pressure will change our support for Iran.

The Trump Administration is extending a waiver that allows some Russian oil to be purchased despite sanctions on Moscow, as the war in Iran leads to higher gas, oil and energy prices. The policy

Prime Minister Keir Starmer insists that Britain’s support for Ukraine remains strong, despite the U.K. delaying some new sanctions on Russian oil.

The Treasury Department allowed the waiver to expire one day after Sens. Jeanne Shaheen and Elizabeth Warren said it was helping Russia generate oil revenue.

A group of Senate Democrats is demanding that the Trump administration reimpose the sanctions it temporarily lifted on Russian oil to offset rising energy costs amid the Iran war. Fourteen Democratic senators urged Treasury Secretary Scott Bessent to end this short-term relief in a Thursday letter,

The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries such as India to continue purchasing Russian crude despite Western efforts to curb Moscow’s wartime revenues.

By David Lawder PARIS, May 18 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid "energy-vulnerable" countries hit by the Iran war,

The alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.

Treasury Secretary Scott Bessent announced new sanctions Wednesday (October 22, 2025) against Russia’s two biggest oil companies and blasted Moscow’s refusal to end its “senseless war” as U.S.-led efforts to end the war floundered and the Ukrainian ...