According to Reuters on October 14, Washington is considering lifting sanctions on some tankers in the 'shadow' fleet that carry oil from Russia, Iran and Venezuela, in an effort to lower record-high shipping costs. The discussions came days after President Donald Trump temporarily eased restrictions on Russian diesel. Companies wanting to buy sanctioned vessels would need to apply to the US Treasury Department, which said it would review each case carefully before lifting any restrictions. Charter costs for a supertanker from the US Gulf Coast to Asia have risen more than 5 times since February, due to ship-to-ship transfers in the Gulf of Oman. The US Energy Department said the move is not intended to help Russia sell more oil, while Energy Aspects said the impact on freight rates would be limited because most of these ships are old.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Mỹ có thể gỡ trừng phạt với đội tàu dầu 'bóng tối'
Read the original on VnExpress ↗
Related news
- Trump Weighs Lifting Shadow Fleet Sanctions as Tanker Rates Soar
The Trump administration is considering easing sanctions on shadow fleet vessels that carried oil and petroleum products from Russia, Iran and Venezuela, aiming to reduce record-high global freight rates, a US official said. Talks focus on allowing 'legal oil' not sanctioned by Washington to move on previously sanctioned ships, with companies required to apply to the Treasury Department to use them. The discussions follow Trump's temporary lifting of sanctions on Russian diesel through April 7, which drew criticism from Ukrainian President Volodymyr Zelenskiy, European countries and some Republican senators. Tanker rates have surged as the wars in Iran and Ukraine stoked inflation and pushed Asian refiners toward Middle East and Latin American crude. Energy Aspects said easing the restrictions would not greatly affect freight rates, though it could free a small number of tankers for Strait of Hormuz runs.
- Oil Futures Likely to React to Ukraine’s Attack on Russian Oil, Lifting of Diesel Sanctions
- Oil prices sink on report of easing U.S. sanctions; IEA release plans in focus
Oil prices fell on Thursday after Reuters reported the U.S. is considering easing sanctions on shadow fleet vessels carrying oil from sanctioned countries, which could help lower freight rates, though it was unclear whether the measures would proceed. Brent futures dropped 1.5% to $104.49 a barrel and WTI fell 1% to $94.14, with markets awaiting an IEA meeting on a possible extra 100 million barrel release on top of 400 million barrels already pledged. Hotter-than-expected U.S. inflation data lifted the dollar and raised bets on more rate hikes. Losses were limited by an unexpected 11.12 million barrel draw in U.S. inventories, as Hurricane Isaias disrupted Gulf coast production.
- Trump trying to gain popularity: Waiel Awwad says Russia oil sanctions waiver big relief for India
Foreign affairs expert Waiel Awwad called the waiver of sanctions under the Lindsey O. Graham Act a 'big relief' for India, saying it could stop the rupee's depreciation and reduce inflation and oil prices. He urged New Delhi to keep its autonomous decisions on Russian oil purchases and its strategic ties with Russia. Awwad said the move reflects Trump's 'America First' approach and aims to gain popularity before the November midterm elections, and that the US-Russia diesel deal surprised Ukraine and the EU. Trump waived several sanctions on Russian fuel sales that were due to take effect under the Act, citing 'national interest'. The law would have imposed tariffs of up to 100% on goods from the five largest importers of Russian crude oil or gas, including India and China.
- Trump trying to gain popularity: Waiel Awwad says Russia oil sanctions waiver big relief for India
Expert Waiel Awwad says the US waiver of certain sanctions under the Lindsey O. Graham Act on Russian oil is a 'big relief' for India, as it should stop the rupee's depreciation and reduce inflation and oil prices. He still urges New Delhi to keep autonomous decisions on buying Russian oil and on its strategic ties with Russia. He argues President Trump is doing this to win voter support before the November midterm elections, as US fuel prices rise, and that the diesel deal with Russia surprised Ukraine and the EU. The article notes Trump waived several sanctions on Russian fuel sales, citing 'national interest', though the law, now paused, would have imposed tariffs of up to 100% on goods from the five largest importers of Russian crude oil or gas, including India and China. The diesel deal calls for Russia to supply over 300,000 tonnes of diesel immediately, 500,000 tonnes in November, and 1 million tonnes after that.
- Trump trying to gain popularity : Waiel Awwad says Russia oil sanctions waiver big relief for India
Related markets
Latest news
- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.