The so-called general license means U.S. sanctions will not apply for 30 days on deliveries of Russian oil that has been loaded on tankers as of Friday.
The sooner it [the Iran war] ends, the better for everybody. Such gatherings are not typically used to fight geopolitical battles. You don't get people shouting at one another at these things.
Nearly half of firms (48%) expected turnover to grow over the next 12 months in the first quarter of the year, up from 42% in the final quarter of 2025.
Fatih Birol, head of the International Energy Agency, stated that Europe has maybe six weeks or so of jet fuel left, warning of possible flight cancellations soon if oil supplies remain halted by the war.
In some countries, we're going to take those sanctions off until this straightens out. Trump told reporters, although he did not clarify which countries might benefit from this potential policy shift. At present, the United States enforces sanctions that restrict oil trade with several nations, including Iran, Venezuela, Russia, Syria, and North Korea.