Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict
LONDON — The U.K. government has quietly watered down sanctions on Russian oil in an effort to shelter Britons from the cost-of-living squeeze triggered by the closure of the Strait of Hormuz. A trade license that came into effect Wednesday permits the import of Russian oil that has ben refined into jet fuel and diesel in third countries, such as…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
