Iraq can restore its oil output and exports to normal levels within seven days after the Strait of Hormuz crisis comes to an end, Deputy Oil Minister Basim Mohammed said on Saturday, according to Reuters. The Iraqi official said the country would be able to bring production and export operations back to normal within a...Read More

Govt warns against fake livestock import permit circulating online DHAKA, May 2, 2026 (BSS) – The Ministry of Fisheries and Livestock today warned against a fake livestock import permit being circulated online in the name of the Department of Livestock Services (DLS). The Ministry issued the warning in a press release today, saying a purported...Read More

The Madras High Court has held that an importer cannot escape penal consequences for misdeclaration merely by opting to re-export the goods and clarified that penalties, confiscation, duty demand, and redemption fine operate independently and can be imposed simultaneously in appropriate cases. The bench of Justice G. Jayachandran and Justice Shamim Ahmed reversed the CESTAT’s...Read More

The Kenya Sugar Board (KSB) has pushed back against concerns that imported industrial sugar is being diverted into the local retail market, insisting that all such consignments are raw materials destined for manufacturing and are subject to close multi-agency oversight, Eastleigh Voice reported. The clarification was made during an oversight session with the National Assembly...Read More

A man can be seen off-loading sugar backs from a truck. —AFP/File LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has said that the export of surplus sugar will reduce Pakistan’s trade deficit. Speaking at the chamber, President LCCI Faheemur Rehman Sehgal said that this is a food security issue. He supported the sugar...Read More

The United States has intensified its enforcement against Iran’s oil trade by sanctioning Qingdao Haiye Oil Terminal Co., Ltd., a Chinese crude oil terminal operator. The company’s involvement in importing Iranian petroleum products is at the center of recent US actions. This move also includes sanctions against Chinese national Xingchun Li, two vessel management companies,...Read More