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US sanctions on Russian oil firms and tankers cause 65 oil tankers to anchor near China and Russia.
Sixty-five oil tankers have anchored off strategic locations like China and Russia after the US announced new sanctions on January 10.
The sanctions target Russian oil firms Gazprom Neft and Surgutneftegaz and 183 vessels involved in shipping Russian oil, aiming to curb revenue for Russia's war in Ukraine.
This adds pressure on the global oil tanker fleet, with around 10% now subject to US sanctions, potentially tightening the supply of available ships and supporting the tanker market.
3 months ago
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