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Diplomatic Thaw in US-Iran Tensions: Sanctions Relief Offered Amid Disputed Inspector Deal

The United States has taken a significant step to de-escalate economic pressure on Iran by temporarily lifting key oil sanctions, just as the two sides wrapped up their first round of direct negotiations aimed at forging a lasting end to recent hostilities. The move, announced Monday, allows Iran to sell crude and petrochemicals in US dollars for the first time in years. It opens the door for direct imports of Iranian oil into the United States and simplifies banking, insuran

World news

1 day ago

Crimea Under Siege: Fuel Drought and Blackouts Grip Russian-Held Peninsula

Russian-occupied Crimea is descending into deepening hardship as Ukraine ramps up its campaign to sever supply lines to the territory annexed in 2014. Residents are now facing not only severe fuel shortages but also widespread power outages, forcing everyday life to grind toward a standstill. Local accounts paint a picture of growing frustration and improvisation. One resident described arriving at a petrol station only to find supplies locked away despite overnight deliverie

Business

15 hours ago

Leaders of Britain's Largest Companies Are Now More Worried About the Economy Than They Have Been for Six Years, Mainly Due to Rising Energy Costs from the Iran Conflict

A new survey of the top finance bosses at many of the UK's biggest companies (including those on the FTSE 100 and 250 stock market lists) has found that their overall confidence in the economy has dropped dramatically. In the second half of March 2026, their "net confidence" score fell to a very negative -57%. This is much worse than the -13% seen at the end of 2025 and is the lowest level recorded since the early days of the COVID-19 pandemic in 2020. The main reason for thi