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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say

Friday’s statements that the strait is now open raised investors’ hopes that oil and gas would start flowing out of the Persian Gulf in...
HomePoliticsSanctions have choked Russia's oil industry, a key source of Kremlin funds,...

Sanctions have choked Russia’s oil industry, a key source of Kremlin funds, Treasury finds

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.