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Mishustin promises open market for foreign firms despite Western sanctions

Mishustin promises open market for foreign firms despite Western sanctions

Russian Prime Minister nominee Mikhail Mishustin told lawmakers he wants to keep Russia an open market for foreign companies, even as Western sanctions continue. His statement signals intent to avoid new barriers for international businesses, but observers are watching for the next step: concrete policy changes or real-world implementation that matches the promise.

Summarised by Beize from a story on Republic on 24 Apr 2026
India and China building alternative payment systems could shake US geoeconomic dominance

India and China building alternative payment systems could shake US geoeconomic dominance

Geoeconomics, as Matteo Maggiori frames it, is how countries use trade and finance to gain leverage—through tools like sanctions, export controls, and control over critical supply chains. He argues China and India are pushing alternative payment systems that could reduce US dominance, especially as the world’s financial infrastructure and semiconductor routes become strategic battlegrounds.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Iranian pilots flee conflict and sanctions turning to India airlines hungry for hundreds

Iranian pilots flee conflict and sanctions turning to India airlines hungry for hundreds

War and sanctions are forcing many Iranian pilots to leave, and a growing share are turning to India as airlines scramble to hire hundreds. With tighter norms and earlier hiring missteps, carriers are leaning on this crisis-driven talent pool. The exodus is becoming a pivotal lifeline for maintaining flight operations and staffing needs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
US boards tanker in Indo Pacific tied to Iranian crude smuggling in night operation

US boards tanker in Indo Pacific tied to Iranian crude smuggling in night operation

The US says it carried out a night-time boarding of an Indo-Pacific oil tanker sanctioned for allegedly smuggling Iranian crude. The operation, shared by the defence department on X, was framed as part of wider global maritime enforcement to disrupt illicit networks and prevent material support reaching Iran. Washington also warned that international waters won’t shield sanctioned vessels.

Summarised by Beize from a story on Republic on 24 Apr 2026
US grants 30 day extension on Russian oil waivers easing pressure on India and global markets

US grants 30 day extension on Russian oil waivers easing pressure on India and global markets

The US has extended sanctions relief for Russian seaborne oil by 30 days, responding to requests from vulnerable countries including India. Officials say the step is meant to ease supply disruptions and help cool rising energy prices amid ongoing geopolitical tensions. The extension is expected to support stability in global oil markets while uncertainty continues.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Iran collects first Strait of Hormuz toll revenue despite US blockade

Iran collects first Strait of Hormuz toll revenue despite US blockade

Amid the United States blockading Iranian ports, Iran reportedly received its first revenue from tolls tied to transit through the Strait of Hormuz, one of the world’s most important shipping chokepoints. The claim, cited by Iranian lawmakers, suggests Tehran is finding new income streams even as trade routes tied to its ports face pressure.

Summarised by Beize from a story on Republic on 24 Apr 2026

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Oil prices tumble below 100 as Hormuz reopens but experts warn the relief may fade

Oil prices tumble below 100 as Hormuz reopens but experts warn the relief may fade

Markets cheered as Iran says the Strait of Hormuz is fully open, easing fears over a vital oil shipping lane amid hints of a potential U.S.-Iran deal and a Lebanon-Israel ceasefire. Oil prices dropped well below $100. Still, analysts caution the move may be short-lived, with uncertainty around Iran’s nuclear program and sanctions potentially keeping prices higher.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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