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Oil market sees Iran sanctions having muted impact on exports | Ari Natter and Jennifer A. Dlouhy

Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon. The measure was passed by the US House of Representatives over the weekend…
United States The White House District Of Columbia Joe Biden Nicolas Maduro Fernando Ferreira

Tankers tied to the Russian oil trade grind to a halt following US sanctions | Julian Lee and Alex Longley

A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have tangible effects on Moscow. About half of the 50 tankers that…
United Kingdom Red Sea Djibouti General Eric Van Nostrand Alexander Novak Hardeep Singh Puri

Pelosi opens door to virus aid in spending plan

Daniel Flatley/Bloomberg News WASHINGTON — House Speaker Nancy Pelosi said there’s an “opportunity” to add federal coronavirus relief aid to a package of legislation funding the government as a February deadline looms. “It is clear from the opportunity that is there and the challenge that is there,”
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