19 resultsfor “new sanctions on Iran oil sector”
Iran’s oil sector with new sanctions Hello and welcome to our live coverage of events
Iran and Venezuela. ## What is India’s relationship with Venezuelan oil? India has longstanding ties with Venezuela’s oil sector. Indian state-owned firms, led by ONGC Videsh, entered Venezuela in 2008, seeking access
sanctions on Tehran as part of his “maximum pressure” tactic. These targeted Iran’s oil exports, as well as its shipping sector, banking system and other key industries. The goal was to force Iran back
sector despite the recent surge in global oil prices. Crude oil export data suggests the rise in prices, plus the easing of American sanctions on countries buying Russian oil, boosted Russian revenues to 2.3 times
Iran war began, Indian Prime Minister Narendra Modi promised the US that it would stop buying Russian oil and buy more crude from the US and Venezuela instead. Indian companies have also had longstanding ties
Iran war. The government does not want to create the perception that it is threatening future supplies of liquified natural gas to Asian trading partners at the same time as it is trying to shore
sanctions, while Russian forces have made little meaningful progress on the battlefield in Ukraine this year. Russia’s mounting economic troubles are [deepening its reliance on China](https://www.theguardian.com/world/2026/may/19/russia-china-border-increase-trade-ukraine-war), transforming what the Kremlin portrays
Iran. Hungary’s outgoing Prime Minister Viktor Orban – who suffered a crushing election [defeat](/news/2026/4/13/is-magyars-election-win-the-end-of-the-eus-troubles-with-hungary) this month – stalled the loan as leverage to pressure Ukraine to fix the pipeline carrying Russian oil to his landlocked
sanctions in place, Trump further increased them in his second term, particularly in the run-up to the US-Israeli war on Iran. Oil is a major resource for Iran, which
new framework to manage "a constructive China-U.S. relationship of strategic stability." Wang of the center for China & Globalization observed, "Beijing wants stable relations with the West, continued strategic trust with Moscow, and enough
new sanctions targeting Chinese firms, including refiners accused of buying Iranian oil and companies accused of helping Tehran obtain materials to build drones and missiles. Earlier this month, Beijing issued a “prohibition order” directing firms
new proposal on Monday for a ceasefire deal focused on opening the strait of Hormuz, setting aside discussions on nuclear weapons, missiles, sanctions and other issues for later, according to officials in the region. Under
new sanctions imposed on the island by Donald Trump amounted to “collective punishment”, as an enormous 1 May procession outside the American embassy in Havana vowed to “defend the homeland”. In an executive order
sanctions. This means Washington has reason to believe he is not fully entangled in Iran’s networks in Iraq. Finally, al-Zaidi allows for a wider bargain to take place. The cordiality of Trump
sanctions, but it stopped short of filing criminal charges against either Castro brother. In 2003, the Justice Department charged three Cuban military officers over the incident, though none was extradited. The International Civil Aviation Organization
new lows as authorities mobilise to dampen the impact of the naval blockade enforced by the United States. The Iranian rial shot above 1.81 million to the US dollar on the open market by early
new facet in the long-term sanctions that the U.S. has placed on Iran, says Eric Schuck, an economics professor at Linfield University in Oregon. He says the U.S. is following the classic economic pressure
new cat-and-mouse race with the US, with Washington trying to strangle Tehran’s economic options, already limited because of decades of sanctions. ## ‘Target all financial lifelines’ In early April, Iranian authorities said they
sanctioned a China-based refinery for transporting Iranian oil, the president last week downplayed any Chinese support for Iran during the conflict. "It is what it is, right?" he told a US journalist