US EditionTrump Admin Allows Other Countries to Buy Russian Oil — but There's a Catch
9 Articles
9 Articles
The United States has allowed the acquisition of Russian crude that is trapped in the so-called ‘shadden float’, thus seeking to appease the markets. The conflict with Iran has propelled prices and has paralysed the Strait of Ormuz, vital for 20% of oil globally. In parallel, Russia is intensifying its sales to China and India, achieving exports from its northern ports 24% higher than the pre-conflict figures. The Treasury Department issued a 30…
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While the Middle East is still burning, Putin sits down. He settles down knowing that the war in the Gulf can turn for him into a gold mine. Because Trump puts the red carpet on him and authorizes the purchase of Russian crude oil. It is the patch he proposes to the tycoon in the face of the rise in prices and the still blocked Strait of Ormuz. Trump thus authorizes countries to buy crude from Russian oil tankers already loaded. In total, 130 mi…
Texas Intermediate Oil (WTI) was down 2.67 percent this Friday, to $93.17 a barrel, after the United States allowed several countries to acquire sanctioned Russian crude oil that was already on the high seas, as part of efforts to prevent an energy crisis. Texas’ oil entry drops by 2.67 percent after the U.S. decision to lift Russian crude oil veto was first published in the Digital Process.
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