The group of seven nations aimed to cripple Russia's war chest by capping the price of their Urals oil at $60 a barrel. To enforce the cap, western companies providing shipping insurance require documentation stating the oil was purchased for $60 or less. But oil is currently trading at $75 a barrel. This creates a discrepancy. How can these companies insure oil demonstrably above the capped price?

23% of Russian crude shipments exceed G7 price cap

The United States aid agency (USAID) stated that the shipments of food, which were being sent to the war-torn Tigray region of Ethiopia, have been paused after they discovered that the aid was being illegally sold in the local market.

US alleges illicit sale of food aid in Tigray, pauses shipments

More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources.

US blocks more than 1,000 solar shipments over Chinese slave labor concerns

On facing shortage of domestic supplies of cooking oil and soaring prices, Indonesia has imposed a complete ban on palm oil exports on Thursday. The ban has led to a huge crisis in the world as the country is the world's largest producer of the commodity, said media reports.

As 290,000-tonne shipments get trapped, Indonesian palm oil export ban to hit India badly

The air strike targeted a factory south of the Syrian city of Homs

After air strike, Israeli minister warns against arms shipments to Hezbollah

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