Iran is planning to implement new transit fees to regulate ship movement through the Strait of Hormuz, requiring prior coordination with Iranian authorities for passage. While “friendly” vessels will be permitted, “hostile military vessels” from the US and Israel will be denied entry. Iran asserts its sole control over the strait’s management and security.
The US has extended a sanctions waiver on Russian oil purchases, offering temporary relief for countries importing crude. This move allows for continued procurement of Russian oil, particularly beneficial for India which relies heavily on imports and has increased its intake amid Middle East supply pressures. The waiver provides a crucial window for India to
Global markets surged Friday as easing West Asia tensions spurred a broad risk rally. Wall Street benchmarks hit record highs, led by small-cap stocks, as falling oil prices boosted confidence. Investors anticipate an end to the conflict, with US President Trump expressing optimism for a swift resolution and a deal on uranium.
The US Treasury Department has issued a new license extending a waiver for global buyers to purchase Russian oil shipments already at sea until May 16. This decision reverses earlier statements and aims to manage energy market volatility, despite criticism from lawmakers who argue it supports economies engaged in conflicts.
