Katya Volkov

Bureau: Moscow

Oil tankers anchored at sea in the foreground with a burning oil refinery visible on a distant shore, illustrating the contradiction of releasing Iranian crude while bombing Iranian oil infrastructure

Economy

The U.S. Bombed Iran's Oil. Then It Released Iran's Oil.

The Treasury just issued a sanctions waiver on 140 million barrels of Iranian crude -- oil sitting on tankers because the same administration bombed the infrastructure that would have moved it.

By Katya Volkov, Moscow March 21 6 min read

A lone tanker transits a narrow strait while dozens of ships sit at anchor in the background haze

Economy

Iran Is Shipping Its Own Oil Through Hormuz. Everyone Else Is Still Stuck.

Iran's crude is flowing through the strait at near-normal rates. Everyone else's tankers are still waiting. The blockade is selective by design.

By Katya Volkov, Moscow March 21 2 min read