Day News Recap: Venezuela quake toll climbs as Iran tensions, Ukraine strikes and Asia markets slide
Venezuela was hit by two major earthquakes in quick succession, with the death toll rising from nearly 190 to at least 235 as rescuers searched for people trapped under rubble and officials warned that reconstruction costs could run into the billions. 🔗In the Middle East, Donald Trump said Iran attacked ships in the Strait of Hormuz and called it a violation of a ceasefire agreement, while the International Maritime Organization paused a planned evacuation of sailors after a cargo vessel was struck near Oman. 🔗 🔗Diplomatic tensions around Iran also deepened as IAEA chief Rafael Grossi pressed for a very... [Continue Reading]
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Iran offers discounted crude to India after US sanctions waiver, refiners weigh return
Iranian oil sellers are approaching Indian refiners with discounted crude after the United States temporarily eased sanctions on Tehran, according to industry sources cited in the supplied report. The outreach has reopened a narrow trade window for energy flows between Iran and India, but refiners are still weighing whether to buy. The discussions involve both the National Iranian Oil Company and intermediaries claiming to have been allocated oil by the Iranian state producer.Sources said NIOC is offering crude at $3 to $4 a barrel below comparable regional grades on a landed basis. Traders based in Singapore and Dubai are also... [Continue Reading]
