Russian oil

Both countries also review opportunities for greater energy cooperation

Other sanctions mulled include targeting more banks, oil traders, refineries and crypto operators

Singapore is also the world’s largest bunkering hub

Moscow expected to seek closer energy cooperation with Beijing

US extends sanctions waiver on Russian seaborne oil

Kaja Kallas warns that the purchase of Russian oil is also helping Iran maintain its closure of Hormuz

Moscow has much to gain as fuel exports to the region will result in hard currency and alternative markets

[LOS ANGELES] The US on Friday (Apr 17) issued a licence letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging.

Oil prices have spiked since the start of the war due to the partial closure of the Strait of Hormuz