5.9 C
New York
March 25, 2023
Business Commodities europe news Oil Russia Turkey UK news World news

Oil tankers queue up off Turkey as price cap on Russian crude begins

Turkish authorities demand that insurers prove that ships heading through straits are fully covered

A traffic jam of oil tankers has grown off Turkey after the imposition of a price cap on Russian crude by western powers attempting to hurt the Kremlin’s coffers.

The vessels have come to a halt after Turkish authorities in Ankara demanded that insurers prove that the ships heading through its straits are fully insured.

Continue reading…

Related posts

Electric air taxis being developed for Paris Olympics in 2024


‘What do they want from us?’ As Russian forces mass, a Ukraine frontier town feels fear and despair


EU could end joint policing if UK quits ECHR over small boat crossings