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After U.S.–Israeli strikes on Iran choked the Strait of Hormuz, India secured about 60 million barrels of Russian crude for April while six other Asian nations queued up under a new 30-day U.S. sanctions waiver, reversing months of declining Russian imports.
On 26 March 2026 the European Parliament approved legislation to implement last July’s EU-US Turnberry trade accord, but only after wiring in ‘sunrise’, ‘suspension’ and ‘sunset’ clauses that let Brussels freeze or void the tariff cuts if Washington strays.
After a 19 March Delhi meeting, India and Russia agreed in principle to resume sanctioned-hit LNG trade and lift Russian crude to 40 % of India’s total imports within weeks, reversing January’s U.S-driven cutbacks.
On 26 March 2026 the WTO’s 14th Ministerial Conference began in Cameroon, where Director-General Ngozi Okonjo-Iweala warned delegates that the post-1945 trade order is “irrevocably changed” and demanded members adopt a concrete reform roadmap within the four-day meeting.
Reuters data on 25 Mar 2026 show Ukrainian drone and sabotage attacks have idled roughly two-fifths of Russia’s crude export system—about 2 million bpd—after simultaneous hits on ports, pipelines and refineries.
On 25 March 2026, Prime Minister Viktor Orbán ordered a gradual stop to Hungary’s gas exports to Ukraine, conditioning resumption on Kyiv restoring Russian oil transit through the damaged Druzhba pipeline.
Multiple leaks on 26 Mar 2026 indicate SpaceX has instructed bankers to lodge a confidential prospectus this week, kicking off a June listing that could raise up to $75 billion.
On 24 March 2026 in Canberra, European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese signed a comprehensive free-trade agreement and a new security-and-defence partnership, formally ending nearly a decade of stop-start talks.
On 24 March 2026 the Interior Department signed a settlement refunding nearly $1 billion to TotalEnergies in exchange for the firm canceling two Atlantic offshore wind leases and channeling the money into U.S. LNG and oil projects.
On 24 March 2026, Epic Games said it will lay off over a thousand workers, shutter the Rocket Racing, Ballistic and Festival Battle Stage modes, and slash $500 million in spending after Fortnite engagement slid through 2025.
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