Reported about 7 hours ago
Recent US sanctions on oil tankers transporting Russian crude are poised to severely impact Russia’s oil exports, with significant reductions expected from Pacific and Arctic regions. The sanctions target 158 tankers, leading to worries in the oil market about long-term supply constraints and rising prices. Historical data shows that previous sanctions effectively idled a majority of the targeted vessels. The sanctions primarily affect specialized tankers crucial for operations at various Russian oil projects, signaling a notable shift in global oil trade dynamics.
Source: YAHOO