Georgia has set a symbolic tariff for the transit of oil products from Azerbaijan to Armenia.

U.S. President Donald Trump has signed an executive order declaring a national emergency with respect to Cuba, asserting that the policies and actions of the Cuban government pose an “unusual and extraordinary threat” to U.S. national security and foreign policy.

US President Donald Trump has signed an executive order threatening to impose additional tariffs on countries that sell oil to Cuba, escalating pressure on the communist-led island.

Crude oil prices fell Sunday after OPEC+ announced a larger-than-expected production increase for August, aiming to reclaim market share by lowering prices.

India’s External Affairs Minister S. Jaishankar has said that New Delhi has raised concerns with U.S. Senator Lindsey Graham regarding a proposed bill that threatens to impose massive tariffs, up to 500%, on countries that continue importing oil from Russia.

Oil prices continued to slide, reaching their lowest in nearly three months, as the Trump administration's tariffs on US trading partners, including China, came into effect.

Oil prices are on track for their largest monthly decline since September, as US President Donald Trump's heightened tariff threats against key trading partners dampen risk appetite, strengthen the dollar, and create uncertainty around global energy demand.

Goldman Sachs warned on Friday that the proposed 10% U.S. oil tariff could result in $10 billion in annual losses for foreign producers, as Canadian and Latin American heavy crudes remain dependent on U.S. refiners due to limited alternatives.