408 stories · Page 9 of 41
Between 5–7 March 2026 Washington quietly issued a 30-day licence letting Indian refineries accept Russian crude already at sea and Treasury Secretary Scott Bessent signalled that hundreds of millions of additional sanctioned Russian barrels could soon be cleared to plug the supply hole created by a 90 % collapse in Strait of Hormuz traffic.
On 7 March 2026 Emirates reversed its blanket flight halt and, alongside Etihad’s 6 March limited restart, began flying again from Dubai and Abu Dhabi as Gulf airspace partially reopened after missile strikes tied to the US-Israel assault on Iran.
On 5-6 March 2026, Vladimir Putin told ministers to examine suspending all remaining Russian gas exports to Europe—still about 12-13 % of EU supply—months or years before the EU’s own phased bans, citing the Iran-Hormuz shock and more lucrative Asian demand.
On 5-6 March 2026, Judge Richard Eaton of the U.S. Court of International Trade ordered Customs & Border Protection to halt collection and start repaying the Trump-imposed emergency tariffs to every affected importer, transforming last month’s Supreme Court ruling into an immediate, system-wide refund mandate.
Late 5 Mar 2026 Washington licensed Indian refiners, for only 30 days, to buy Russian oil already afloat, a sharp U-turn from months of US pressure as Gulf shipping disruptions squeeze world supply.
After weekend U.S.–Israel–Iran clashes, Tehran-linked drone hits forced QatarEnergy to shut LNG output and tanker traffic through the Strait of Hormuz stalled on 2 Mar 2026, triggering the steepest one-day jump in European gas (+52%) and Brent oil (+13%) since Russia’s 2022 Ukraine invasion.
On 5-6 March 2026 Vladimir Putin publicly ordered his cabinet to study ending Russia’s last 12-13 % gas exports to the European Union immediately—well before the EU’s 2027 embargo—arguing Middle-East-driven price spikes make other markets more lucrative.
Within 24 hours, the Court of International Trade told Customs to repay more than $130 billion in struck-down IEEPA duties while 24 states filed a fresh lawsuit to stop President Trump’s new 10% global tariff imposed under Trade Act §122.
On 5 March 2026 Vladimir Putin said on state TV he may order Russia to stop all gas exports to the EU immediately—two years before Brussels’ scheduled 2027 embargo—citing record prices after the Iran Strait-of-Hormuz shutdown.
After Iranian drone strikes, QatarEnergy froze production on 2–3 March 2026 and, with tankers unable to traverse the Strait of Hormuz, abruptly removed about 20 % of world LNG from the market.
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