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India’s 30-day Russian oil waiver comes with a steep US price tag

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Limited Scope: The waiver specifically covers Russian crude oil and petroleum products already loaded onto ships as of March 5, aimed at avoiding a sudden supply shock rather than allowing a long-term, unrestricted continuation of imports.
Operational Constraints: Indian refiners are seeking legal advice on how to handle the sanctioned oil under the terms of the waiver, highlighting the continued complexity of navigating US sanctions.

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Latest + Breaking News: Headline Clips | South China Morning Post

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

Seymour Hersh accuses US of 'cover up' over Nord Stream sabotage

Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map

When one crisis touches canal access, another hits crude and a third touches the Strait of Hormuz, it is hard to call these a coincidence.

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One analyst said the choice of Mojtaba Khamenei to lead Iran signals Tehran is not giving in to US-Israeli military pressure.

Iran strikes on desalination plants threaten Arab states’ water supplies

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Scholars and entrepreneurs in semiconductor sector urge Beijing to regulate prices of AI computing power, leverage strategic raw materials and fund tech solutions for self-reliance.

Exclusive | Trump’s China visit confined to Beijing due to schedule, security needs: sources

‘Given the situation [in the Middle East], the visit’s security arrangements must be extremely careful’.

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Concern is rising about the war and Iran’s blockade of the Strait of Hormuz, through which much of the world’s energy supplies pass.

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Li raises the curtain on the annual session of the National People’s Congress with a series of targets for the economy.

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Iran war sparks fuel crises in parts of Asia

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Supplies of sulphur – a key fertiliser ingredient – are tightening in China just as the spring planting season begins.

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