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News & analysis tagged Oil Trade — diplomacy, politics, and global affairs coverage from Model Diplomat.

The US Treasury reinstates oil sanctions on Iran after tanker strikes, revoking General License X and impacting global oil markets.
2026-07-09
Iran accuses the US of breaching a ceasefire after strikes near the Strait of Hormuz, sharpening tensions over a chokepoint vital to global oil trade.
2026-05-26
China's new anti-sanctions law is testing the limits of US sanctions enforcement in oil trade, creating a legal shield for firms caught between rival regimes.
2026-05-07
The US is moving to control shipping lanes through the Strait of Hormuz, but Iran's tactics complicate oil trade and raise the question of who holds leverage.
2026-05-04