US Investigations in Athens Expose Iran–Iraq Oil Sanctions Evasion Network

AI Summary US authorities are conducting investigations in Athens into a sophisticated sanctions-evasion network involving Iranian oil rebranded as Iraqi crude. The probe focuses on ship-to-ship transfers, manipulated AIS data and the alleged involvement of Greek-linked tanker operators, with OFAC warning of severe sanctions and exclusion from the global financial system. US Investigation in Athens … Περισσότερα

Russia’s Economy Faces New Oil Shock as Sanctions and War Costs Mount

Russia’s Oil Dependence Faces New Risks as Global Supply Shifts For decades, crude oil has been the central pillar of Russia’s economy, outweighing even its once-lucrative natural gas exports to Europe. That dependence is now under renewed pressure as concerns grow over a potential fall in global oil prices, driven in part by US plans … Περισσότερα