Topic
waiver
Trade Iran rushes to sell oil to India after Trump sanctions waiver – all you need to know
Following a 60-day sanctions waiver from the Trump administration, Iran is rushing to sell crude to Asian buyers including India. Around 68 million barrels of oil are floating at sea, over 80% without confirmed destination. However, Asian refiners remain cautious due to policy uncertainty and sanctions complexities.
Trade US Grants 60-Day Sanctions Waiver for Iranian Crude Oil; India Eyes Lower Prices
The United States granted Iran a 60-day sanctions waiver for crude oil exports following peace talks in Switzerland. The exemption, valid until August 21, 2026, allows Tehran to sell oil and receive payments. For India, lower global crude prices are expected, but analysts caution against expecting immediate import deals due to policy uncertainty.
Commodities Asian Refiners Shun Iranian Oil After US Waiver, Leaving China as Primary Buyer
A temporary US sanctions waiver on Iranian oil sales through August 21 has not drawn orders from well-stocked Asian refiners, leaving independent Chinese refineries as the main buyer. Brent crude has declined about 16% in June, and Iranian crude on water has surged by 6 million barrels in 48 hours to 126 million barrels.
Commodities Trump Lets Sanctions Waiver on Russian Crude Expire as US-Iran Peace Deal Progresses
The Trump administration allowed the sanctions waiver on Russian crude oil to expire as the US and Iran signed a peace deal memorandum. The waiver had enabled India to import discounted Russian oil. With the Strait of Hormuz expected to normalize, India may pivot to Middle Eastern, Iranian, and Venezuelan crude.
Logistics FMCSA Evaluates Epilepsy Waivers for Commercial Drivers
The FMCSA is reviewing 11 epilepsy waiver requests from commercial drivers, potentially impacting logistics operations. Public comments are open until June 29.
Logistics FedEx Caribbean Service Faces Disruption Without FAA Waiver
FedEx partner Mountain Air Cargo's Caribbean service is at risk due to regulatory constraints. The airline seeks an FAA waiver to continue operations with larger aircraft.