Connect with us

World

US sanctions Russian oil companies as Moscow holds nuclear drills

The U.S. Treasury Department said Russia’s two largest oil companies, Rosneft and Lukoil, were targeted in a bid to damage Moscow’s ability to fund its war machine.

Published

on

The United States hit Russia’s major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms, Reuters reported.

The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President Vladimir Putin fell apart. Trump told reporters he cancelled the meeting because “it didn’t feel right to me.”

The U.S. Treasury Department said Russia’s two largest oil companies, Rosneft and Lukoil, were targeted in a bid to damage Moscow’s ability to fund its war machine.

The move marked a sharp turnaround for the White House, which has veered between pressuring Moscow and taking a more conciliatory approach aimed at securing peace in Ukraine. Only last week Trump appeared ready to hold off on new actions targeting Moscow.

“Now is the time to stop the killing and for an immediate ceasefire,” U.S. Treasury Secretary Scott Bessent said. Oil prices extended gains after Bessent’s comments, rising by more than $2 a barrel.

For months, Trump has resisted pressure from U.S. lawmakers to impose energy sanctions, hoping that Putin would agree to end the fighting. But with no end in sight, he said he felt it was time.

Trump said he was still not ready to provide Ukraine with long-range Tomahawk missiles, which Kyiv has requested. Talking to reporters as he met NATO Secretary General Mark Rutte, Trump said it would take the Ukrainians at least six months to learn how to use them.

Ahead of a meeting next week with Chinese President Xi Jinping in South Korea, Trump said he would like to see Xi use his influence on Putin to halt the fighting. Xi and Putin have formed a strategic alliance between their countries, read the report.

In a fresh show of force, the Kremlin released video showing General Valery Gerasimov, head of the General Staff, reporting to Putin on the drills. Russia said it fired missiles from ground launchers, submarines and aircraft, including intercontinental ballistic weapons capable of striking the United States.

Russia’s Defence Ministry said its long-range Tu-22M3 strategic bombers flew over the Baltic Sea, escorted at various points by fighter jets from foreign – presumably NATO – states.

At key moments in the war in Ukraine, Putin has issued reminders of Russia’s nuclear might as a warning to Kyiv and its Western allies. NATO has also been conducting nuclear deterrence exercises this month.

EU countries also approved a 19th package of sanctions against Russia for its war against Ukraine, which includes a ban on Russian liquefied natural gas imports, the Danish rotating presidency of the EU said on Wednesday.

The Wall Street Journal said the United States lifted a restriction on Ukraine’s use of some long-range missiles provided by Western allies, which would allow Ukraine to increase attacks on targets inside Russia. In a social media post, Trump denied the report.

On Wednesday, Sweden said it had signed a letter of intent to export Gripen fighter jets to Ukraine, as European governments act to boost Kyiv’s defences in a war that has ground on for three years and eight months since Russia’s full-scale invasion, and shows no sign of ending soon, Reuters reported.

Ukrainian pilots have been in Sweden to test the Gripen, a rugged and relatively low-cost option compared to aircraft such as the U.S. F-35.

Kyiv aimed to receive and start using Gripens next year and expected to acquire at least 100, President Volodymyr Zelenskiy said during a visit to Swedish defence manufacturer Saab.

Russia and Ukraine pounded each other with heavy overnight missile attacks as renewed uncertainty enveloped the U.S.-led peace effort.

After months of stalled diplomacy, Putin and Trump spoke last week and unexpectedly announced they would hold a summit in Hungary soon.

But following a phone call on Monday between the two countries’ top diplomats, the White House said the next day that Trump had no plans to meet Putin “in the immediate future”. Trump said he did not want to have a wasted meeting – something the Kremlin said Putin also wanted to avoid.

U.S. Secretary of State Marco Rubio, departing Washington for the Middle East on Wednesday, told reporters the United States would still like to meet with Russia, Reuters reported.

Russian officials said that preparations continued for a summit. “The dates haven’t been set yet, but thorough preparation is needed before then, and that takes time,” Kremlin spokesperson Dmitry Peskov told reporters.

The summit delay came after Russia reiterated to the U.S. its previous terms for reaching a peace deal, including that Ukraine cede control of the whole of the southeastern Donbas region, three sources told Reuters.

That amounted to a rejection of Trump’s statement last week that both sides should stop at the current front lines.

Russian Deputy Foreign Minister Sergei Ryabkov was quoted by state news agency RIA as saying he could not confirm that Moscow had conveyed its position as reported by Reuters.

Through the first nine months of his second term, Trump has pressed for an end to the conflict, the deadliest in Europe since World War Two.

Sharply critical at times of Zelenskiy, he has also expressed frustration with Putin.

European defence shares rose on the delay to the Putin-Trump summit. Most European governments strongly back Kyiv and have pledged to raise military spending to help Ukraine meet its defence needs.

European Union leaders are due on Thursday to discuss a proposal to use frozen Russian assets to extend a $163 billion loan to Ukraine. Moscow says the scheme amounts to theft and has vowed to retaliate.

World

Trump rejects efforts to launch Iran ceasefire talks, sources say

The war’s impact on global oil markets has significantly increased the cost for the United States.

Published

on

President Donald Trump’s administration has rebuffed efforts by Middle Eastern allies to start diplomatic negotiations aimed at ending the Iran war that started two weeks ago with a massive U.S.-Israeli air assault, according to three sources familiar with the efforts, Reuters reported.

Iran, for its part, has rejected the possibility of any ceasefire until U.S. and Israeli strikes end, two senior Iranian sources told Reuters, adding that several countries had been trying to mediate an end to the conflict.

The lack of interest from Washington and Tehran suggests both sides are digging in for an extended conflict, even as the widening war inflicts civilian casualties and Iran’s closure of the Strait of Hormuz sends oil prices soaring.

U.S. strikes on Iran’s Kharg Island, the country’s main oil export hub, on Friday night underscored Trump’s determination to press ahead with his military assault. Iran’s new Supreme Leader Mojtaba Khamenei has vowed to keep the Strait of Hormuz shut and threatened to step up attacks on neighboring countries.

The war has killed more than 2,000 people, mostly in Iran, and created the biggest-ever oil supply disruption as maritime traffic has halted in the Strait of Hormuz, through which a fifth of the world’s oil ⁠is transported.

Oman, which mediated talks before the war, has tried multiple times to open a line of communication, but the White House has made clear it is not interested, according to two sources, who like others in this story were granted anonymity in order to speak freely about diplomatic matters.

A senior White House official confirmed Trump has rebuffed those efforts to start talks and is focused on pressing ahead with the war to further weaken Tehran’s military capabilities, read the report.

“He’s not interested in that right now, and we’re going to continue with the mission unabated. Maybe there’s a day, but not right now,” the official said.

During the first week of the war, Trump wrote on his Truth Social platform that Iran’s leadership and military were so battered by U.S.-Israeli strikes that they wanted to talk, but that it was “Too Late!” He has a history of shifting foreign policy stances without warning, making it hard to rule out that he might test the waters for restarting diplomacy.

“President Trump said new potential leadership in Iran has indicated they want to talk and eventually will talk. For now, Operation Epic Fury continues unabated,” a second senior White House official said when asked to comment on this story.

The Iranian sources said Tehran has rejected efforts by several countries to negotiate a ceasefire until the ⁠U.S. and Israel end their airstrikes and meet Iran’s demands, which include a permanent end to U.S. and Israeli attacks and compensation as part of a ceasefire.

Egypt, which was involved in mediation before the war, has also tried to reopen communications, according to three security and diplomatic sources. While the efforts do not appear to have made progress, they have secured some military restraint from neighboring countries hit by Iran, according to one of the sources.

Egypt’s foreign ministry, the government of Oman and the Iranian government did not respond to requests for comment, Reuters reported.

The war’s impact on global oil markets has significantly increased the cost for the United States.

Some U.S. officials and advisers to Trump urge a quick end to ⁠the war, warning that surging gasoline prices could exact a high political price from the president’s Republican Party, with U.S. midterm elections looming.

Others are pressing Trump to maintain the offensive against the Islamic Republic to destroy its missile program and prevent it from obtaining a nuclear weapon, according to Reuters reporting.

Trump’s rejection of diplomatic efforts could indicate that, for now, the administration has no plans for a quick end to the war.

Indeed, both the United States and Iran appear even less willing to ⁠engage than during the opening days of the war, when senior U.S. officials reached out to Oman to discuss de-escalating, according to several sources.

One source said Iran’s top security official, Ali Larijani, and Foreign Minister Abbas Araghchi had also sought to use Oman as a conduit for ceasefire discussions that would have involved U.S. Vice President JD Vance.

But those discussions have not materialized.

Instead, Iran’s position has hardened, said a third senior Iranian source.

“Whatever was ⁠communicated previously through the diplomatic channels is irrelevant now,” said the source.

“The Guards strongly believe that if they lose control over the Strait of Hormuz, Iran will lose the war,” the source added, referring to the Islamic Revolutionary Guard Corps, an elite paramilitary force that controls large parts of the economy.

“Therefore, the Guards will not accept any ceasefire, ceasefire talks, or diplomatic efforts, and Iran’s political leaders will not engage in such talks despite attempts by several countries.”

Continue Reading

World

White House AI czar says US should ‘declare victory and get out’ of Iran war

“This is a good time to ​declare victory and get out,” Sacks, Trump’s ⁠crypto and AI czar, said in an appearance ​on the “All-In Podcast.”

Published

on

White House AI czar David Sacks said on Friday the U.S. should “declare ​victory and get out” of its war on Iran, ‌a rare instance of a prominent figure in Donald Trump’s administration calling for an exit from the Iran conflict, Reuters reported.

Here are ​some details:

“This is a good time to ​declare victory and get out,” Sacks, Trump’s ⁠crypto and AI czar, said in an appearance ​on the “All-In Podcast.”

Sacks said the U.S. had degraded Iran’s ​military capabilities.

“I agree that we should try to find the off-ramp,” he added.

“If escalation doesn’t lead anywhere good, then you ​have to think about, well, how do you ​de-escalate? De-escalation, I think, involves reaching some sort of ceasefire ‌agreement ⁠or some sort of negotiated settlement with Iran,” he said.

The U.S. and Israel attacked Iran on February 28. Iran and its ally in Lebanon, Hezbollah, ​have responded with ​strikes on ⁠Israel and other countries in the Middle East.

The war has shaken global markets ​and raised oil prices.

Iran’s U.N. ambassador ​says ⁠over 1,300 people have been killed in Iran in U.S. and Israeli attacks. Israel says 12 people have been ⁠killed ​in Israel by Iranian attacks. ​The U.S. military says seven of its members have been killed.

Continue Reading

World

US eases sanctions on Russian oil to ease energy prices inflated by Iran war

Published

on

The U.S. has issued a 30-day waiver for countries to buy sanctioned Russian petroleum products currently at sea, hoping to ease oil and gas prices driven up by the war the U.S. and Israel are waging on Iran.

However, the waiver appeared to have little effect, with ​benchmark Brent crude back up to $101 by 1000 GMT on Friday, with Asian shares also under pressure.

The Israeli military said it had launched strikes across Tehran and continued to carry out strikes on the Iranian-allied Hezbollah militia across Lebanon, including on the capital Beirut, as Iranian media reported rallies for Quds (Jerusalem) Day beginning across Iran in support of the Palestinians.

The sounds of explosions and fighter jets were heard in the Iranian capital and in Karaj to the west of Tehran, Iranian media said.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!