Volvo Cars’ Chief Commercial Officer Erik Severinson said orders had increased in countries ‘where customers are most sensitive to increase in oil prices.’
The sanctions regime was originally created by the EU in 2023 to address Iranian military support for Russia in its war against Ukraine.
ADNOC’s chief said energy security now depends on not only oil production but also secure shipping routes, storage capacity, and backup infrastructure.
As of Friday, 97 commercial ships heading to or from Iran were redirected and four were disabled, the United States said.
Rubio said U.S.–Iran negotiations showed ‘a little bit of movement’ as Trump signaled talks were nearing a critical point.
The latest figures come as Washington and Tehran continue exchanging warnings over nuclear negotiations and maritime control.
The sanctions marks the first time Washington has sanctioned sitting Lebanese government security officials.
Summer travel could trigger a global energy crisis, according to the International Energy Agency.
The bill was withdrawn after a previous vote had been open for nearly an hour.
Iran is believed to possess about 900 pounds of highly enriched uranium, officials say.
‘The conflict in the Middle East has triggered a major energy shock,’ said Commissioner for Economy and Productivity Valdis Dombrovskis.
Canada, Italy, France, the UK and others have demanded explanations from Israel.
EasyJet CEO Kenton Jarvis said despite the conflict in Iran ‘creating near-term uncertainty,’ the airline ‘is well placed to manage the current environment.’
Iranian officials warned that a renewed conflict could spread beyond the Middle East.
She joins Israeli Prime Minister Benjamin Netanyahu in criticising the video of bound pro-Palestinian activists.
According to U.S. Central Command, U.S. forces have diverted 91 vessels since the start of the blockade against Iran on April 13.
The U.N. Food and Agriculture Organization urged governments and international organizations to take action before conditions worsen.
Vice President JD Vance told reporters at the White House that Iran’s leadership is currently fractured on a deal.
Trump said Iran has only days to reach an agreement before possible renewed strikes.
Sen. Bill Cassidy (R-La.) joined three GOP colleagues in backing the resolution, casting the decisive vote.