Global Energy
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A Precarious Pivot: The US-Iran Path Toward Fragile Diplomacy
As Washington and Tehran enter a two-week ceasefire, the path to lasting regional stability faces massive hurdles, from nuclear policy to Hormuz transit.
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IRGC Confirms Hormuz Closure, Targets $200 Oil
Iran’s IRGC officially confirmed its strategy to close the Strait of Hormuz and target oil pipelines, aiming for $200 per barrel oil. This signals a new phase of economic warfare.
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Treasury Secretary Bessent Hints at Lifting Russian Oil Sanctions
US Treasury Secretary Bessent has indicated that the United States may lift sanctions on Russian oil, a move considered amidst rising global energy prices. This comes as the US-Israel conflict in Iran disrupts markets.