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Brent steady as US weighs easing sanctions on global shadow fleet
Source: Livemint — Markets · 1 hr ago
Summary
The United States is considering permitting oil shipments on vessels that were previously under sanctions, a move that could revive the “shadow fleet” of ships used to evade restrictions. This discussion follows a recent temporary suspension of sanctions on Russian diesel aimed at easing worldwide price spikes. The potential policy shift would allow legally sanctioned oil to be transported on those formerly barred vessels.
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From the original report
The shadow fleet discussions are happening days after President Donald Trump temporarily lifted sanctions on Russian diesel fuel to ease a surge in prices globally. The new talks centre on Washington potentially allowing "legal oil" to flow on previously sanctioned vessels, a US official said.
Excerpt from Livemint — Markets.
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