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Asian Markets Rise on Hormuz Reopening Hopes After Iran-Oman Draft Protocol Reports

Asian equity markets traded mostly higher on Friday after reports emerged that Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, raising cautious hopes that the crucial waterway could partially reopen. Iran’s deputy foreign minister Kazem Gharibabadi stated that tanker traffic through the strait “should be supervised and coordinated”…

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Large oil refinery in distance next to body of water

The U.S. Suspension of Russian Oil Sanctions Reveals the Regulatory Contradictions of the Iran Conflict

The Trump administration’s decision to temporarily suspend enforcement of sanctions on Russian oil shipments to Asia, allowing 30 Russia-connected petroleum tankers carrying 19 million barrels to deliver cargoes through April 11, represents one of the most remarkable regulatory pivots in the history of U.S. energy sanctions policy. The same administration that escalated the conflict with…

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