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- Vitol and Trafigura have been granted U.S. licences to sell Venezuelan oil following last month’s U.S. military operation to seize President Nicolas Maduro.
- The Indian stock market benchmark indices, Sensex and Nifty 50, are more likely to open higher on Wednesday, despite blended cues from global markets.
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In his government order, Trump repeated the claim that India would cease buying Russian oil and growing power purchases from US. The Customs and Border Safety doc mentioned the additional 25% tariff obligation would not be relevant to India, including that the reciprocal tariff will stay in place. The company attributed the drop primarily to sharing a substantial portion of the US tariff burden with its key clients. In return, Bangladesh has committed to providing important preferential market access to US industrial and agricultural merchandise.
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U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA manufacturing to pre-blockade levels of 1.2M bpd by mid-2026. A mature dark fleet ecosystem continues to move crude by way of opaque networks, with exercise increasingly concentrated in Malaysian waters at the same time as U.S. sanctions enforcement expands throughout new regions. Iran’s oil exports slipped modestly in January, however the data factors to sturdiness somewhat than decline. The pursuit and seizure of Aquila II highlights both the rising lengths sanctioned operators are willing to go to keep away from detection—and the increasing geographic scope of U.S. efforts to cease them.
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