The US has authorised countries to buy sanctioned Russian oil and petroleum that is currently loaded on vessels at sea in an attempt to curb the economic impact of the US-Israel war with Iran.   US Treasury Secretary Scott Bessent said it was a temporary measure to “promote stability in global energy markets” during the […]

China’s exports surged in the first two months of this year despite trade tensions with the US.   Official figures show exports jumped by more than 20% in January and February, which is almost three times the rate predicted by economists. It puts the country on track to top the record-breaking annual trade surplus it […]

The G7 nations have said they would support the collective release of oil from their reserves to tackle soaring prices since the start of the US-Israel war with Iran.   The group of countries has been meeting with the International Energy Agency (IEA), which is reported to be readying its biggest ever intervention in the […]