On April 24, 2026, the European Union formally adopted its 20th package of restrictive measures against Russia (Swedish Ministry for Foreign Affairs, 2026). This legislation marks a critical evolution in the bloc’s economic statecraft. While the early days of the conflict saw massive, blunt-force sanctions aimed at severing direct bilateral trade, the landscape has fundamentally […]
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In April 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) significantly escalated its sanctions campaign against Iran by moving to not only designate maritime vessels and facilitators tied to their illicit oil trade, but by also directly targeting the commercial infrastructure sustaining that trade as part of a greater movement coined […]
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The current state of U.S. – Iran relations continue to be defined by a simultaneous series of escalations and follow-up negotiations. The primary issues at hand revolve around a dynamic sanctions campaign targeting Iran’s economic lifelines, continued maritime tension in and around the Strait of Hormuz impacting global trade, and ongoing though fragile, diplomatic efforts […]
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