Moscow Piles Pressure on US Over Oil Sanctions

Tourists watch marine life, with the MT Desert Kite oil tanker carrying Russian oil in the background, at Narara Marine National Park in the Arabian Sea, Gujarat, India March 11 , 2026. (Reuters)
Tourists watch marine life, with the MT Desert Kite oil tanker carrying Russian oil in the background, at Narara Marine National Park in the Arabian Sea, Gujarat, India March 11 , 2026. (Reuters)
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Moscow Piles Pressure on US Over Oil Sanctions

Tourists watch marine life, with the MT Desert Kite oil tanker carrying Russian oil in the background, at Narara Marine National Park in the Arabian Sea, Gujarat, India March 11 , 2026. (Reuters)
Tourists watch marine life, with the MT Desert Kite oil tanker carrying Russian oil in the background, at Narara Marine National Park in the Arabian Sea, Gujarat, India March 11 , 2026. (Reuters)

Moscow said on Friday that the global energy market "cannot remain stable" without its oil, piling pressure on Washington to lift more sanctions as the Middle East war strangles supplies.

The United States has eased some oil sanctions on Russia imposed over its invasion of Ukraine, prompting backlash from Western allies who urged Washington to keep up restrictions as the Ukraine conflict drags into its fifth year.

The US-Israel strikes on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the strategically vital Strait of Hormuz.

The United States is temporarily allowing the sale of oil from Russia -- one of the world's largest oil producers and exporters -- that is at sea, the Treasury Department said Thursday, as nations scrambled to boost supply and bring down prices.

Oil prices soared to almost $120 a barrel this week, the highest price since the pandemic.

-- G7 resistance --

Russia's economic envoy Kirill Dmitriev said on Friday that it was "increasingly inevitable" that Washington would lift more sanctions.

"The United States is effectively acknowledging the obvious: without Russian oil, the global energy market cannot remain stable," Dmitriev posted on Telegram.

"Amid the growing energy crisis, further easing of restrictions on Russian energy sources appears increasingly inevitable, despite resistance from some in the Brussels bureaucracy," he added.

But French President Emmanuel Macron, whose country holds the rotating presidency of the Group of Seven advanced economies, said that the Strait of Hormuz's shutdown "in no way" justified lifting the sanctions on Russia.

"The consensus was that we should not change our position on Russia and should maintain our efforts on Ukraine," Macron said after a video call with other G7 leaders discussing the economic fallout from the US-Israeli war with Iran.

On Thursday, the US Treasury issued a license authorizing the delivery and sale of Russian crude oil and petroleum products that have been loaded on vessels on or before 12:01 am Eastern Time March 12, through 12:01 am on April 11.

The move came after Washington last week temporarily allowed Russian oil that was stranded at sea to be sold to India.

Treasury Secretary Scott Bessent insisted that the India authorization was a "narrowly tailored, short-term measure."

He said in a statement it would not provide "significant financial benefit to the Russian government, which derives the majority of its energy revenue from taxes assessed at the point of extraction."

Dmitriev said earlier this week he had joined a "productive meeting" with US negotiators in Florida, the first talks between Moscow and Washington since the start of the Iran war.



Mounting Pressure on Iran Revives the Specter of the 2000 Aden Attack

US Navy aircraft carrier USS George H.W. Bush
US Navy aircraft carrier USS George H.W. Bush
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Mounting Pressure on Iran Revives the Specter of the 2000 Aden Attack

US Navy aircraft carrier USS George H.W. Bush
US Navy aircraft carrier USS George H.W. Bush

US author Anne-Marie Slaughter argues in The Chessboard and the Web: Strategies of Connection in a Networked World that the world no longer operates or interacts according to the logic of a traditional chessboard.

The old model was linear and two-dimensional, centered on a single objective: toppling the king by controlling territory.

That logic no longer defines 21st-century conflict. Today’s world operates across overlapping, interlocking layers that interact and often collide simultaneously, within a continuously evolving network that includes military, economic, political, alliance, and informational dimensions.

As this network evolves, it generates both solutions and complications so rapidly that they outpace the ability of leadership to make timely decisions. Improvisation comes to dominate decision-making, errors multiply and accumulate, feeding back into the system and further deepening its complexity.

On the escalation ladder

Escalation depends on strategic flexibility and the tools available. In practical terms, the greater the flexibility, the greater the ability of actors to climb the escalation ladder, from low-intensity conflict to higher levels, until reaching a peak where one side yields, either on the battlefield or at the negotiating table.

But this climb is inherently a trap. Each step builds on the last. As these steps accumulate over time, the cost compounds, making it increasingly difficult to step back without incurring significant losses.

The US blockade

This is not the first time the US Navy has imposed a maritime blockade. The most notable case was Cuba in the 1960s during the Cuban Missile Crisis, labeled a “quarantine,” a term deliberately used to indicate a measure short of full wartime blockade. Cuba’s geography made it relatively easy to encircle.

A similar approach was later applied to Venezuela. Today, the focus has shifted to Iranian ports, both inside and outside the Gulf.

Direct comparisons are limited by differing contexts. Still, one constant remains: the US Navy possesses the capability to enforce such blockades, particularly given its dominance over global seas and oceans.

In Cuba, Soviet missiles targeted major US cities and the world was divided between two superpowers. In Venezuela, President Donald Trump invoked the Monroe Doctrine and implemented a national security strategy prioritizing the Western Hemisphere and America’s immediate sphere.

The Strait of Hormuz, however, is fundamentally different. Other waterways can be bypassed; Hormuz cannot. It is a closed corridor through which oil, gas, petrochemicals, helium, fertilizers, and other critical goods must pass. There is no alternative route; all shipments must transit Hormuz in both directions.

Iran’s strategy

Since the Shah’s era, aligned with the Nixon Doctrine, Tehran has pursued control over Gulf waters and influence over the Strait of Hormuz. The continued occupation of the UAE islands of Greater Tunb, Lesser Tunb, and Abu Musa since the 1970s underscores this long-standing strategic objective.

More than 30 islands are scattered across the Gulf’s deep waters, precisely along the routes used by oil tankers that require significant depth to pass safely. If linked together as part of a military-security network, they reveal long-term planning for scenarios such as the current one.

Iran’s naval doctrine relies on both the Revolutionary Guards and the regular navy, employing small submarines, torpedoes, fast attack boats, naval mines, drones, and ballistic missiles.

At its core lies an anti-access strategy designed to deny adversaries freedom of movement in Gulf waters.

Centers of gravity

Qeshm Island is critical for controlling access to the Strait of Hormuz. Kharg Island follows, serving as the hub for more than 80 percent of Iran’s oil exports, supplied by the oil fields of Khuzestan.

Beyond the islands, the South Pars gas field in Bushehr province is central to Iran’s energy system, providing more than 70 percent of the country’s domestic electricity needs.

These key sites have already been targeted during the conflict by US or Israeli airpower. To expand the scope of escalation and increase pressure, Trump deployed additional forces, including Marine units and elements of the 82nd Airborne Division, aimed at broadening military options and forcing Iran to soften its negotiating position. After talks in Pakistan failed, he moved to announce the blockade.

The current US approach

By declaring the blockade, Trump effectively altered the existing rules of engagement in the Gulf, imposing an asymmetric approach that avoids Iran’s strengths and prevents it from dictating the battlefield dynamics.

Instead, the US leverages distance, operating from the Arabian Sea, along with its technological superiority and strategic flexibility.

This effectively turns Iran’s own strategy against it. What once constrained US freedom of movement inside the Gulf is now being used to impose external pressure on Iran from the Arabian Sea.

If successful, the strategy could deprive Iran, according to The Wall Street Journal, of roughly $435 million per day, or $13 billion per month, while avoiding the costs of direct military action such as seizing islands like Kharg.

It would also confine Iran’s asymmetric capabilities within the Gulf and strip it of its most effective operational tools.

The central question now is how Iran will respond. How will it adapt its strategy in the face of this pressure? Will escalation continue? And could that escalation take the form of a maritime attack similar to the 2000 strike on the US destroyer USS Cole near Aden?


Iran Can Go up to Two Months without Oil Exports Before Cutting Output, Analysts Say

A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
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Iran Can Go up to Two Months without Oil Exports Before Cutting Output, Analysts Say

A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)
A man rides past a large billboard referring to the Strait of Hormuz in Tehran's Vanak Square on April 15, 2026. (AFP)

Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the US began blocking shipping in and out of the country's ports on April 13.

The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from reaching its main buyer China.

Any Iranian production shutdowns would add to more than 12 million bpd of supply already disrupted by the regional war, tightening markets further and ‌lifting oil ‌prices.

With its exports blocked, Iran faces having to ‌divert ⁠crude into onshore storage ⁠tanks. Once those tanks are filled, the OPEC member would be required to curb upstream output.

Consultancy FGE NextantECA estimates Iran has about 90 million barrels of available onshore crude storage capacity, out of total capacity of roughly 122 million barrels.

"Iran can sustain current production of around 3.5 million bpd for roughly two months without exports, extendable to around three months with a modest ⁠500,000 bpd production cut," FGE NextantECA said in a ‌note.

Iranian domestic refineries process about 2 million ‌bpd of oil, they added.

The relevant Iranian authorities were not immediately available for comment.

Energy ‌Aspects assumes significantly lower available onshore storage of about 30 million barrels, ‌based on data from Kayrros.

Under that scenario, Iran could maintain current export levels for about 16 days before storage capacity runs out, based on export levels of 1.8 million bpd.

"The blockade may not have a significant impact on Iranian production in ‌April, but if it continues into May then output would need to be reduced substantially," said Richard ⁠Bronze, co-founder of Energy ⁠Aspects.

He said the consultancy assumes Iran cannot utilize its full nameplate storage capacity, adding that historic data show stocks peaked at 92 million barrels in May 2020, which likely marks a realistic ceiling.

Bronze also said Iran will likely deploy available oil tankers in ports as floating storage, delaying production cuts.

The US military said more vessels were being turned back under the blockade, including the Chinese-owned tanker Rich Starry, which is under US sanctions and which was seen heading back through the Strait of Hormuz on Wednesday.

Eight Iran-linked oil tankers have been intercepted since the blockade began on Monday, the Wall Street Journal reported. A US destroyer stopped two tankers attempting to leave Iran's Chabahar port on the Gulf of Oman on Tuesday, a US official said.


World Bank Announces Water Security Plan for One Billion People

 A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
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World Bank Announces Water Security Plan for One Billion People

 A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)
A girl carries jerrycans on a wheelbarrow after collecting water from a well at a mosque in Deh Mazang, Kabul, Afghanistan, Thursday, April 2, 2026. (AP)

The World Bank announced a plan Wednesday that aims to improve secure water access for a billion people within the next four years.

The new "Water Forward" program aims to "expand reliable water services and strengthen systems against droughts and floods."

The Bank said its own funds and technical advice would help improve water supplies to some 400 million people by 2030, with the balance coming from partners.

Regional development banks, OPEC's development fund, and the BRICS-aligned New Development Bank are among institutions that will participate, the World Bank said.

The global lender did not specify how much capital it would commit to the initiative.

Some four billion people -- half the world's population -- face water scarcity, due in part to "unclear policies, weak regulations, and financially unsustainable utilities that have slowed progress and deterred investment," the Bank said.

The global lender said that 14 countries had already voluntarily committed to reform and strengthen their water sectors under the new program.

The focus on governance issues -- not simply physical water infrastructure -- is promising, David Michel, senior associate at the Center for Strategic and International Studies, said.

"In many countries, the water sector fails to fully deploy the funds already allocated to it."

However, the Bank's initiative "faces a long and difficult road ahead," he warned.

The issue of access to safe drinking water, in particular, has been highlighted during the war in the Middle East, with desalination plants in Iran and across the region damaged in bombardments.

Beyond conflicts and immediate drinking water needs, the World Bank said that better water security was needed to grow the global economy.

"Strong water systems are foundational to healthy economies that can attract private investment and create jobs," the Bank said.