US sanctions strand Iran, Russia oil on tankers, driving up crude costs

Capt. John

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions...

https://www.hellenicshippingnews.com/us-sanctions-strand-iran-russia-oil-on-tankers-driving-up-crude-costs/

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