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The US has tightened its grip on Iran's oil revenue by sanctioning a major Chinese refinery and numerous shipping entities involved in transporting Iranian crude. This move targets a "shadow network" and escalates pressure amid regional tensions. China has criticized the sanctions, urging an end to their political use and warning of harm to legitimate trade. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mCdwDv1 >

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The Trump administration's 'Gold Card' visa program, offering US residency for a $1 million fee, has approved only one applicant to date. Commerce Secretary Howard Lutnick stated hundreds more are under review, with all applicants undergoing extensive vetting and paying a $15,000 processing fee. The initiative aims to attract wealthy and skilled individuals to the US. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/m04iEN7 >

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Oil prices saw a slight dip after Wednesday's surge, as stalled Iran-US peace talks and ongoing shipping route restrictions, particularly the Strait of Hormuz, kept markets on edge. Iran's seizure of two ships and US interception of tankers highlight escalating tensions. Despite record US energy exports, domestic crude inventories unexpectedly rose, while fuel stocks declined. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GZes7nY >