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Gunvor Withdraws $22 Billion Lukoil Bid After U.S. Treasury Vows No License

Public claims that Gunvor is a Kremlin proxy made U.S. approval implausible, leaving Lukoil’s overseas operations in limbo.

Sanctions Choke Russia’s Oil Flows as China Cuts Buying and Floating Storage Swells

Trump Announces 25% Tariff on Indian Imports Over Russian Oil Purchases

Trump Signals China Can Keep Buying Iranian Oil as Sanctions Stance Wavers