EU Agrees to Price Cap of $60 as Ban Begins on Russian Seaborne Oil

The Maritime Executive

… The Iranian watchdog organization United Against Nuclear Iran (UANI) reported yesterday for example that “31 vessels found to have switched from helping Tehran export Iranian oil to now helping Moscow transport Russian oil or petroleum products” since the invasion of Ukraine in February. Highlighting their so-called “switch list,” the NGO said “UANI first predicted that Russia would turn to the ‘Ghost Armada’ to keep the crude flowing to its Chinese partner in May 2022. Since then, the number of tankers that have made the switch has grown.”