Economy

US allows sales of Russian oil loaded before April 17 to continue until May 16

The general license replaces the previous one, which expired on April 11

US extends permission for Russian oil sales despite political opposition

Kirill Dmitriev also said that Russia maintained contacts with the US on economic and energy issues

Indian refiners paying for Iranian oil in yuan under US waiver

Indian refiners settle Iranian oil purchases in yuan via ICICI after a temporary US waiver, highlighting shifting trade patterns amid sanctions

Iran declares Strait of Hormuz ‘completely open’ for all commercial vessels

Iran says the Strait of Hormuz is “completely open” in line with the Lebanon ceasefire, Trump thanks Tehran for unblocking the “strait of Iran,” and oil prices drop

Europe’s jet fuel reserves could run dry within ‘six weeks’, IEA Executive Director Fatih Birol warns

Europe could run out of jet fuel within six weeks as blocked oil flows through the Strait of Hormuz disrupt supply chains and force airlines to cut flights, the International Energy Agency Executive Director Fatih Birol warns

How to get a tax deduction for an apartment: step-by-step instructions

A deduction when selling an apartment is a tax benefit from the state that allows you to get back part of the paid personal income tax for the sale of real estate. How to get... RIA Novosti, 01.04.2026

Trump aims to “rewire” global oil flows away from Hormuz, with Europe set to be hit hardest, expert says

OPEC’s 25% output drop is expected as the US tries to shift global energy flows away from the Strait of Hormuz, warning Europe will be the primary loser, Tom Luongo has told RT

Iran War Repair Costs Hit $58 Billion as Energy Damage Surges, Rystad Says

Rystad estimates Iran war damage at up to $58 billion, led by oil and gas losses, with long-term impacts on global energy supply, investment timelines, and inflation.

US-Israeli war on Iran may spark global famine, charity founder warns

Fertilizer supply disruptions through the Strait of Hormuz could increase global hunger by 2026, with poorest countries most at risk, Jose Andres has warned

Malawi fuel prices highest in Africa and rank second globally after Hong Kong

Malawi leads Africa in fuel prices and ranks second globally after Hong Kong as the Middle East conflict disrupts global fuel supplies

US ends sanctions waivers for Russian and Iranian oil imports

The US will not renew sanctions waivers for Russian and Iranian oil, impacting India amid rising geopolitical tensions in the wake of the Middle East conflict

India's trade deficit narrows to $20.67 billion in March

India's trade deficit fell to $20.67 billion in March as exports rose and imports declined, though Middle East tensions cloud outlook and supply chains