#economic-sanctions

#economic-sanctions

We strongly condemn Russia's unjustified decision last month to expel another British diplomat and the malicious public smear campaign that followed. This behaviour is wholly unacceptable, and we will not tolerate harassment or intimidation of our diplomatic staff.

Washington and its allies accused Beijing of detaining and holding up Panama-linked ships, claiming China's actions were a blatant attempt to politicise maritime trade.

Brent crude hit a record price since the war began on 28 February, surging more than 13% in 24 hours, marking the highest level since 2022.

In March, one month into the US-Iran war, China doubled the number of solar panels it was exporting, distributing 68 gigawatts of photovoltaic cells and silicon wafers.

The United Nations warned that the conflict could push as many as 32.5 million people globally back into poverty, highlighting the widespread impact of the war.

The dollar index edged slightly higher on Tuesday as concerns about the lack of progress in the diplomatic efforts between the US and Iran reinforced safe-haven demand.

The US Treasury Department on Friday said that it was targeting Hengli Petrochemical (Dalian) Refinery, China's second-largest teapot or independent refinery, for buying hundreds of millions of dollars worth of Iranian oil.