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Lavrov says Russia boosted oil shipments to India as US waiver nears expiry

Lavrov says Russia boosted oil shipments to India as US waiver nears expiry

As India awaits an extension of a US waiver allowing purchases of sanctioned Russian crude, Russian Foreign Minister Sergey Lavrov claimed Moscow has increased oil supplies to New Delhi. Speaking to media on the sidelines of BRICS foreign ministers meetings in New Delhi, he said the shipment rise is visible in publicly available trade data. Lavrov met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar, discussing energy trade, defense production, and assurances on fertilisers and coking coal.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Iran demands India keep investing in Chabahar despite US sanctions and a looming April 26 waiver deadline

Iran demands India keep investing in Chabahar despite US sanctions and a looming April 26 waiver deadline

Iranian Foreign Minister Abbas Araghchi called Chabahar Port a major symbol of India-Iran cooperation and urged Delhi to keep investing despite pressures from US sanctions. Speaking after the BRICS foreign ministers meeting, he also urged India to expand its diplomatic role in the Middle East to support regional stability. Behind the scenes, India is working with Iran on an arrangement to secure its interests as the US sanctions waiver for Chabahar is not expected to extend beyond April 26.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Lavrov Says Russian Oil to India Has Surged as US Targets Energy Market Control

Lavrov Says Russian Oil to India Has Surged as US Targets Energy Market Control

Russian Foreign Minister Sergey Lavrov said Russian crude exports to India have increased, citing published records and insisting the trend depends on Indian buyers rather than Moscow alone. His comments came during the BRICS Foreign Ministers’ Meeting in New Delhi, where he also accused the US of trying to monopolize global energy markets and sideline Russian firms like Lukoil and Rosneft. The remarks land as India continues purchasing discounted Russian oil despite Western sanctions and regional turbulence in West Asia.

Summarised by Beize from a story on The Economic Times on 15 May 2026
China ramps up solar aid for Cuba as fuel-starved blackouts hit daily life hard

China ramps up solar aid for Cuba as fuel-starved blackouts hit daily life hard

Cuba is battling relentless blackouts amid a widening energy squeeze, and the lifeline is increasingly coming from China. Chinese solar panels and batteries are pouring in, while Cuba plans to scale up renewable power with 92 solar farms by 2028. The strategy aims to cut reliance on imported oil and lessen vulnerability to external pressure.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Chabahar stalls US sanctions hit India access to Russia and Central Asia

Chabahar stalls US sanctions hit India access to Russia and Central Asia

US sanctions targeting Iran’s Chabahar port have thrown India’s key trade corridor with Russia and Central Asia into uncertainty. India is now exploring alternative ways to keep its role alive, even as the International North-South Transport Corridor faces disruption. Analysts expect the corridor to continue, but warn India’s influence could shrink sharply.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Trump says Cuba wants US help and hints talks with Havana amid escalating sanctions

Trump says Cuba wants US help and hints talks with Havana amid escalating sanctions

US President Donald Trump said Cuba is seeking assistance from the United States and that discussions with Havana will follow. The remarks come after Trump previously warned Cuba was next, referencing US actions after Venezuela. His administration has imposed financial sanctions, travel restrictions, and a fuel blockade, while both US and Cuban officials were unavailable for comment.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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US sanctions firms tied to Iran oil shipments to China to cut funding for weapons programs

US sanctions firms tied to Iran oil shipments to China to cut funding for weapons programs

The US has announced new sanctions targeting three individuals and nine companies accused of facilitating Iran’s oil shipments to China. The action is designed to disrupt funding flowing to Iran’s Islamic Revolutionary Guard Corps and its weapons programs. Coming after earlier measures, the move also sets the stage for a planned meeting between US and Chinese leaders.

Summarised by Beize from a story on The Economic Times on 12 May 2026
India rejects Russian LNG shipments as US sanctions tighten leaving tanker in limbo

India rejects Russian LNG shipments as US sanctions tighten leaving tanker in limbo

India has refused Russian liquefied natural gas shipments to avoid exposure to US sanctions, according to sources. With energy supply uncertainty rising alongside Middle East tensions, a Russian LNG tanker reportedly remains stuck without approval for permitted cargoes. India and Russia continue discussions on what shipments could legally proceed, while Russia pushes to find alternative buyers for its LNG exports.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Iran warns US allies of trouble in Hormuz as new vessel coordination system begins

Iran warns US allies of trouble in Hormuz as new vessel coordination system begins

Iran’s army has warned countries backing US sanctions will “face difficulties” in the Strait of Hormuz, citing a new coordination system for all vessels. Iran’s parliament also cautioned against supporting a US-backed UN resolution, with Russia reportedly poised to block it. The strait’s oil and gas traffic makes the dispute globally consequential.

Summarised by Beize from a story on The Economic Times on 10 May 2026
US sanctions 10 people and China Hong Kong firms over Shahed drone missile aid to Iran

US sanctions 10 people and China Hong Kong firms over Shahed drone missile aid to Iran

The U.S. Treasury has imposed sanctions on 10 individuals and companies based in China and Hong Kong, accusing them of helping Iran build Shahed drones and ballistic missiles. The agency said it remains ready to use additional economic measures against Iran’s military industrial base to stop Tehran from rebuilding production capacity.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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US sanctions Iraq deputy oil minister and militias over alleged Iran links

US sanctions Iraq deputy oil minister and militias over alleged Iran links

The US has imposed sanctions on Iraq’s deputy oil minister and several militias, alleging they support Iran and its allied groups. The deputy minister is accused of misusing his role to help Iran, as Washington and Tehran continue discussions about a possible agreement. The move signals intensified pressure on partners seen as aiding Iran’s influence in Iraq.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Iran and China hold rare top talks as US pressures Tehran over Hormuz

Iran and China hold rare top talks as US pressures Tehran over Hormuz

Iran’s foreign minister Abbas Araghchi met China’s Wang Yi in Beijing in a rare high-level move as West Asia tensions continue. China remains a key buyer of Iranian oil and operates largely despite US sanctions. The visit comes before Donald Trump’s planned trip to China, while US Senator Marco Rubio urged Beijing to pressure Iran over the Strait of Hormuz.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Beijing orders China firms to ignore US refiner sanctions in rare sweeping ban

Beijing orders China firms to ignore US refiner sanctions in rare sweeping ban

China’s commerce ministry says US sanctions on oil refiners illegally restrict normal trade with third countries and breach international norms. In an unusually direct step, Beijing issued an order barring companies from recognizing, enforcing, or complying with the penalties aimed at five firms. The move escalates friction over sanctions and cross-border energy trade.

Summarised by Beize from a story on The Economic Times on 3 May 2026
US vows to suffocate Iran leadership via economic blockade tied to military offensive says Bessent

US vows to suffocate Iran leadership via economic blockade tied to military offensive says Bessent

US Treasury Secretary Scott Bessent said the United States is “suffocating” Iran’s leadership through an “economic blockade” launched in parallel with a military offensive. He said the Treasury is imposing measures on anyone trying to remit money into Iran to support the IRGC, Iran’s elite military force, signaling tighter financial pressure alongside force.

Summarised by Beize from a story on The Economic Times on 3 May 2026

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Iran cuts oil output as Strait of Hormuz restrictions choke exports and storage fills

Iran cuts oil output as Strait of Hormuz restrictions choke exports and storage fills

Tightened US naval curbs in the Strait of Hormuz have sharply reduced Iran’s oil exports, leaving the country with shrinking routes and surging inventories. Iran is responding by cutting production in a controlled manner and leaning on floating storage to keep barrels moving, drawing on years of experience managing sanctions and supply disruptions.

Summarised by Beize from a story on The Economic Times on 2 May 2026
US sanctions linked to Strait of Hormuz raise fears over global oil shipping lanes

US sanctions linked to Strait of Hormuz raise fears over global oil shipping lanes

The US has imposed new sanctions tied to the Strait of Hormuz, a critical maritime route for global energy shipments. With roughly 20% of the world’s seaborne crude oil and liquefied natural gas passing through, any disruption could quickly ripple into oil markets and shipping costs. The move escalates pressure on Tehran amid ongoing regional tensions.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

Venezuela’s oil exports jumped 14% in April to 1.23 million barrels per day, the highest level in more than seven years. The rise was driven by stronger sales to the US, India, and Europe after a US–Venezuela supply arrangement and eased sanctions. Output improved and inventories were cleared, lifting shipments across multiple markets.

Summarised by Beize from a story on The Economic Times on 1 May 2026
US launches Operation Economic Fury to cut Iran off from hidden crypto networks

US launches Operation Economic Fury to cut Iran off from hidden crypto networks

The US has renamed its Iran operation to Operation Economic Fury, shifting the fight to Iran-linked cryptocurrency networks. The stated goal is to prevent Iran from moving money globally using digital channels. Reports say hundreds of millions of dollars tied to Iranian crypto activity have already been frozen, reinforcing America’s sanctions strategy in a new “digital battleground.”

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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US sanctions Hengli Petrochemical could jolt global petrochemical supply chains far beyond oil

US sanctions Hengli Petrochemical could jolt global petrochemical supply chains far beyond oil

The US has sanctioned China’s Hengli Petrochemical, raising fresh fears across West Asia and the wider petrochemical market. While the target is a major refiner, the real concern is downstream disruption—affecting manufacturers that rely on key chemical and plastics feedstocks. Hengli denies allegations, and Beijing says it will protect its firms, escalating already tense global economic pressures.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Pakistan opens a legal route for Iran goods, challenging US naval blockade and sanctions

Pakistan opens a legal route for Iran goods, challenging US naval blockade and sanctions

Pakistan has reportedly enabled a legal pathway for Iran-bound cargo to move via land, effectively weakening the US naval blockade strategy. The development coincides with Pakistan’s role in mediating a potential US-Iran ceasefire, even as the US Treasury announced fresh sanctions on Iran. The combined moves raise questions about how airtight Washington’s isolation efforts truly are.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
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