Sanctions bend as oil spikes: US lets nations buy Russian crude stranded at sea
The decision comes as oil markets remain jittery. With tensions rising in the Middle East, governments and traders fear disruptions to major supply routes.
Two Russian oil tankers with 29 crew members on board were damaged in the Kerch Strait near the Black Sea due to bad weather conditions, TASS reported Sunday.
IANS | New Delhi | December 16, 2024 11:50 am
Visuals from the spot
Two Russian oil tankers with 29 crew members on board were damaged in the Kerch Strait near the Black Sea due to bad weather conditions, TASS reported Sunday.
Tass reported that the damaged “Volgoneft-212” and “Volgoneft-239” tankers each carried more than four tonnes of fuel oil, adding that oil spills have been registered, according to water transport authorities, Xinhua news agency reported.
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Rescue and evacuation of the crew members are underway, the report said.
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The decision comes as oil markets remain jittery. With tensions rising in the Middle East, governments and traders fear disruptions to major supply routes.
Any disruption or closure of the Strait of Hormuz would directly affect India’s economy and energy supplies, he said, adding that the anxiety over LPG availability was already spreading and could worsen if the conflict escalates.
US President Donald Trump spoke to the media about several developments in the wake of the unfolding security situation in West Asia and the Gulf and responded to the announcement by US Treasury Secretary Scott Bessent on temporarily allowing India to purchase Russian oil.
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