Oil

President Donald Trump is ready to sign a punishing Russia sanctions bill that GOP hawks have pushed for months. But only if it changes to give him …

It’s yet another blow for the Commission in its effort to get the anti-deforestation law up and running.

Global warming caused an additional 1,500 deaths in 12 cities during last week’s heat wave, an analysis found. 

The bill has been tweaked to add presidential waiver authority.

Ville Niinistö, the lead MEP for the bill, also wants to explore including oil in the proposed ban.

In Schwedt, life flows through an oil refinery. If it doesn’t get help — or restart Russian imports — people worry their jobs will be gone.

The proposed selection of a Saudi Aramco oil company staffer as one of the authors of a key science report has been denounced as “political capture.”

The president is pressing foreign leaders on everything from military budgets to antitrust laws — all under the banner of trade.

Allied foreign ministers say the secretary of state took a harsher tone against the Kremlin in private.

Still, diplomats privately express optimism that a deal can be reached.

David Lammy is urging Iran not to escalate in response to U.S. strikes.

A move by Tehran to disrupt oil shipments could mean sharply higher prices at the pump in the United States.

The Iranian parliament backed a measure to close the critical shipping route in response to U.S. airstrikes on nuclear sites in Iran, state media reported

The Russian leader said a recession “is not to be allowed under any circumstances,” during the St. Petersburg International Economic Forum.

Officials told POLITICO the EU would drop proposals for a $45-per-barrel limit on Moscow’s crude as a result of the Israel-Iran conflict.

The U.K. government is set to respond to a legal judgment on long-term emissions issued last summer.

Allies couldn’t get the U.S. president on board with stronger measures against Russia — but at least they “live to fight another day.”

Beijing’s dominance in strategically crucial minerals gives it major leverage in trade talks. 

Hungary and Slovakia oppose new sanctions on fuel from Moscow, but Brussels suspects they are cooking their books to support their position.

Plans for a 2027 phaseout would force companies to exit long-term contracts with Moscow and report the origins of their fuel.

Trump had earlier suggested he didn’t want to tighten the screws on Moscow further because “sanctions cost us a lot of money.”