Russia’s July oil and gas revenues could rise 60% year-on-year due to global price increases, despite sanctions aiming to limit its energy export earnings.
Russia’s maritime oil exports hit a record high since early 2026 amid US sanctions easing for Iran, pressuring global prices and intensifying competition on markets like India.
Reports claim UAE will unfreeze billions in Iranian oil funds to reduce regional attacks, though the UAE denies this; diplomatic talks suggest nearing peace.
The US has ended its temporary waiver on sanctions for Russian oil shipments, impacting global energy payments and fintech compliance requirements amid geopolitical tensions.
US Treasury Secretary Scott Bessent confirms no further extensions for sanctions exemptions on Russian and Iranian oil shipments already at sea.
The US has extended its waiver on sanctions for Russian oil shipments until May 16, raising concerns about sanction evasion and implications for fintech compliance and digital payments.