Economy

EU delays proposal to completely ban Russian oil imports amid Iran war

The EU has reportedly postponed a proposal to ban Russian oil imports, removing the draft from the agenda as the Iran war fuels energy price turmoil

Russia to bolster oil supply to India amid Middle East energy crisis

Russia remains a reliable energy partner for New Delhi despite US tariffs. Expert Ivan Timofeev discusses boosting oil purchases, ahead of PM Modi’s visit.

Kenya Airways to add flights as demand hits 99% amid Iran war disruption

Kenya Airways plans to boost capacity after passenger demand surges during the Iran conflict that has disrupted airspace and global aviation routes

Oil traders placed $580 million in bets 15 minutes before Trump’s Iran talks post, the FT says

Traders placed $580 million in oil bets minutes before Trump announced “productive” Iran talks, with the White House rejecting insider trading claims

India-bound LPG Tankers Cross Strait of Hormuz Amid Gulf Conflict

Two Indian-flagged tankers carrying 92,000 tons of LPG transit the Strait of Hormuz chokepoint as Middle East shipping traffic drops 95% amid rising tensions.

Valero Port Arthur refinery explosion triggers shelter-in-place in Texas

A reported explosion at Valero’s Port Arthur refinery sent thick black smoke over the area as US fuel prices were already climbing

Modi: Strait of Hormuz shipping ‘highly challenging’ amid Middle East conflict

Prime Minister Narendra Modi warns of Middle East trade disruptions, citing risks to India’s oil and gas supplies via the Strait of Hormuz.

OnlyFans owner Leonid Radvinsky dies of cancer aged 43

Ukraine-born billionaire Leonid Radvinsky, owner of adult content platform OnlyFans, dies of cancer aged 43

EU ‘at end of queue’ for Russian energy amid global supply shock

The EU risks being sidelined as Russia expands energy deals amid a global supply crunch due to the US-Israeli war on Iran

EU energy crisis result of decades of policy mistakes

The Iran war has exposed multiple EU energy policy missteps and transition failures, Rosatom’s Alexey Likhachev has told RT

US shuts, China opens: Where did the trade war move?

As the US shifts toward protectionism, China creates a new preferential trade regime for African nations

Sustainable economic growth in Russia must occur with slowing inflation

"It's not easy, of course, but we must strive for it," the Russian president added