
The EU is considering freezing the Russian oil price cap, as the Iran war sent energy costs soaring, according to Bloomberg Read Full Article at RT.com
Discover why the volume of Russian fuel oil in Singapore waters has hit a one-year high amid Middle East supply disruptions. Read more at straitstimes.com. Read more at straitstimes.com.

The British government on Wednesday, May 20, waived sanctions on imports of diesel and jet fuel processed from Russian-origin crude in third countries, citing spiking fuel prices and supply security concerns, according to officials. Member of Parliament (MP) …

The UK has watered down sanctions on Russian oil products, allowing imports of diesel and jet fuel refined in third countries as energy prices surge amid the Middle East conflict

The move will allow the UK to import Russian crude oil refined in third countries, such as India and Turkiye.

The U.K. government has quietly eased some sanctions on Russian oil to help Britons cope with rising costs

According to the licence, the sanctions carve-out will be periodically reviewed as fuel prices rise due to the closure of the Strait of Hormuz and the ongoing crisis in the Middle East.

The US has extended its waiver on sanctioned Russian oil until June 17.
India continues its purchase of Russian oil. This decision proceeds regardless of United States sanctions waivers. An Indian official confirmed this stance. The nation prioritizes its energy needs. This move aims to buffer India's economy. It addresses potent…
The US Treasury Department has extended for another 30 days a sanctions waiver allowing at-risk countries to purchase Russian oil shipments at sea, as supply disruptions linked to the US-Israeli conflict with Iran continue to roil global energy markets.

India has been buying Russian oil irrespective of U.S. sanctions waivers, Sujata Sharma, a joint secretary in the petroleum ministry, said on Monday.
Decision leaves India and other buyers exposed as oil tops $100.
The United States imposed a series of tariffs on Indian goods starting April 2025. These duties varied, with some being reciprocal and others linked to India's purchase of Russian oil. The tariffs saw several changes and suspensions. Notably, US courts later …