In wake of the US-Iran understanding for a peace deal and the signing of an MoU, the Trump administration has quietly let the sanctions waiver for Russian crude oil to lapse. US President Donald Trump had earlier this week hinted that sanctions on Russian oil could be back once the Strait of Hormuz opens and normalises global oil supplies.

US & Iran will sign MoU in Switzerland Friday. Trump said that the strait would open 'toll-free' and naval blockade of Iranian ports would end.

“Ships of the World, start your engines," US President Donald Trump wrote on Truth Social, announcing an imminent peace deal with Iran and the opening of the Strait of Hormuz.…

Crude prices fall as markets price out West Asia conflict risk. Analysts say India could benefit through lower import bill, easing inflation and improved energy security.

The conflict exposed India’s over-dependence on West Asia, from where it sources about 50% of its crude oil, around 70% of LPG supplies and almost 90% of LNG imports. | India News

US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies…

A breakthrough in US-Iran relations could have major implications for India's energy security and trade. After more than three months of hostilities, Iran and the United States…

This development is expected to significantly boost global trade, particularly for India, by easing logistics disruptions and costs for energy imports and engineering exports to…

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleA peace agreement between Donald Trump and…

US to allow Iran oil sales and waive sanctions under a peace deal. Agreement text release by June 19 at 89% YES.

Oil prices fell 5% after the US and Iran agreed to reopen the Strait of Hormuz and temporarily waive sanctions on Iranian crude exports.

By Timothy GardnerWASHINGTON, June 17 (Reuters) - The U.S. Treasury on Wednesday did not publish an extension of its waiver of sanctions on Russian seaborne oil that ran out at…

The US Treasury allowed its sanctions waiver on Russian seaborne crude oil to expire, tightening global supply and creating inflationary ripple effects for

The Trump administration slapped sanctions on Russian oil majors Rosneft and Lukoil as pressure to end its war in Ukraine by depriving Moscow of oil revenue, | World News

U.S. allows Russian oil sanctions waiver to expire amid evolving geopolitical tensions and energy market shifts.

In wake of the US-Iran understanding for a peace deal and the signing of an MoU, the Trump administration has quietly let the sanctions waiver for Russian crude oil to lapse. US…

An MOU between the US and Iran ends the US naval blockade and includes relief on oil sanctions, but uncertainty lingers over the durability of sanctions waivers.