Energy Dual Pricing- Is It a Hidden Subsidy?

Introduction Recently, the term energy dual pricing has gained relevance when the panel in EU-Cost adjustment methodologies II (Russia) has given its ruling. In this case, Russia has challenged the European Union (‘EU’) adjustment methodologies of energy inputs whenever these costs are artificially lowered or affected by government intervention. The EU rejected the price of […]

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Detention of Iranian Oil Tanker and its Implications

July 4, 2019 was marked by the British Marines seizure of an oil tanker Grace 1, purported to be carrying Iranian oil to Syria, in violation of EU sanction laws at the port of Gibraltar. In what many perceived as a reciprocal move by Iran, the Iran Revolutionary Guard Corps Navy (IRGCN) on July 19, 2019, seized two oil tankers, one registered in the UK, the other in Liberia, in the Strait of Hormuz, marking a dramatic escalation in the rising tensions in the Gulf. This article chronicles these two events and studies it from a position of International law.

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