Politics, Geopolitical & Conflict
- Iran and the US continue to trade barbs over the tanker seizures near the Strait of Hormuz. Iran’s recently released Grace 1, since renamed the Adrian Darya 1, is now on its way to an undisclosed location. The US has asked Greece not to assist the tanker in reaching its final destination and has threatened to sanction anyone who is involved in any way with the Adrian Darya 1 or its cargo, promising to aggressively enforce US sanctions.
- US presidential candidate Senator Bernie Sanders has unveiled a $16.3 trillion plan to address climate change - a plan he sees as a way to "end the greed of the fossil fuel industry." Sanders’ ‘Green New Deal’ promises massive direct public investment for a decade-long program that hopes to achieve 100% renewable energy and complete decarbonization by at least 2050.
- The state-owned Belarusian Oil Company has hired David Gencarelli to lobby the US government for sanctions relief because for the first time ever it is seeking to buy U.S. oil for its refineries, instead of Russian oil. Belarus was sanctioned by the US in 2006 for “undermining democratic processes” over unfair presidential elections. In 2007, Washington extended sanctions to include refiner Belneftekhim. While some sanctions have been lifted since 2015, others remain in place. The lobbying, under normal circumstances in Washington, would be successful as this presents the US with an…