With No Nuclear Deal In Sight, US Slaps Extra Sanctions On Iran

With No Nuclear Deal In Sight, US Slaps Extra Sanctions On Iran

With no nuclear deal with Iran in sight, the United States Treasury has slapped additional sanctions on companies based in Iran, China and the UAE for enabling the export of Iran’s petrochemicals. On Thursday, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented new sanctions on what it called “a network … Read more

Energy Crisis Hits European Factories Where It Hurts

Energy Crisis Hits European Factories Where It Hurts

European commodity producers and manufacturers are reeling from high energy prices, thanks in large part to the Ukraine crisis. Europe’s industrial energy costs have skyrocketed in the wake of Russia’s war on Ukraine, severely denting manufacturers’ ability to compete in the global marketplace, with natural gas three times more expensive in Europe than in the … Read more