Tag: OFAC Sanctions
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Venezuela’s modern economy is overwhelmingly dependent on oil exports, with crude petroleum representing more than $4 billion in export value in 2025. Its top trading partners include the United States, China, Spain, Brazil, Turkey, and others that rely on Venezuelan oil, petroleum coke, fertilizers, and metals. A sudden geopolitical shock such as the capture of…
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Global energy markets are entering uncharted waters literally. For the first time in modern history, more than 1.4 billion barrels of crude oil are floating at sea, trapped in tankers that cannot find buyers or ports willing to accept them. This phenomenon, often referred to as a “floating glut,” is not simply a logistical hiccup.…
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Author: Maria Pechurina, Director of International Trade @ Peacock Tariff Consulting China is thriving. In recent months, its exports surged despite ongoing US tariff chaos and the decline of US-bound exports by 27%. In September 2025 alone, China’s exports climbed 8.3% year-on-year, reaching a seven-month high of $328.6 billion, even as shipments to the US…
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Author: Maria Pechurina, Director of International Trade @ Peacock Tariff Consulting The current state of international trade between the U.S. and China is marked by ongoing negotiations, product and company-specific investigations, tariff impositions and attempts to secure mutual concessions. The arrangements are ever-evolving and the legal challenges like the IEEPA lawsuit create additional complexity. We aim to…
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Author: Maria Pechurina, MA, Director of International Trade @ Peacock Tariff Consulting US Tariffs & Malaysia’s Economic Impact The 24% US tariffs, announced in April 2025, hit Malaysia, which is a popular location for Chinese transshipment, hard. These trade challenges manifested in the key export-led industries such as palm oil, electronics and solar panels, further tightening…
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We dissect the June 2025 Iran–Israel–US flare-up, map possible military and diplomatic trajectories, and quantify cascading shocks to energy, shipping, agriculture, tech, and automotive supply chains. Through rich case studies India’s rice trade, European chip fabs, African crude imports we reveal acute and chronic vulnerabilities. We then present a strategic playbook covering stakeholder incentives, sanctions…
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How the Israeli attack on Iran is affecting and could further affect international trade in the region. This detailed exploration covers multiple trade segments, with an extended focus on energy trade and an in‐depth look at historical precedents where conflicts have reshaped trade patterns. 1. Overview and Immediate Impacts The attack has set off a…
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As May 6, 2025, unfolds, the United Kingdom continues to navigate a complex trade landscape, shaped by U.S. tariffs, European Union trade policies, and China’s retaliatory measures. The UK government has issued new tariff updates, including adjustments to commodity codes, trade sanctions, and phytosanitary control measures. Meanwhile, Maersk has announced inland tariff adjustments, set to…
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The world is on edge as April 8, 2025, brings yet another day of upheaval in international trade. The U.S.’s aggressive new tariff policies are reshaping global economic relationships, while reactions from major trading partners have set the stage for possible trade wars. With the 10% baseline tariff now in effect and higher country-specific duties…