NovaTube News reports that Washington has ended the dollar-based sales waiver for Iranian crude, a decision that tightens economic sanctions on Tehran. This policy shift comes after a series of strikes on tankers near the Strait of Hormuz, which have disrupted normal shipping routes. Consequently, an estimated 60 million barrels of Iranian oil are now stuck at sea, lacking a clear path to international markets. The report also notes that extreme heat is driving a surge in demand for cooling equipment. Factories in China are operating continuously to produce air conditioners for European buyers who are battling severe heatwaves. The segment ties together geopolitical tension and the growing need for climate adaptation technology.
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