The global oil trade is undergoing a significant shift as new U.S. sanctions on Russian oil producers and insurers take effect.
These sanctions have disrupted supply chains, with middlemen halting the trading of Russian oil cargoes. Major importers like India are exploring alternative sources, such as U.S. crude and Abu Dhabi’s Murban grade, to meet domestic demands.
The move underscores the growing impact of geopolitical tensions on global energy markets, pushing countries to diversify their energy imports.
As the world adapts to these changes, the focus is now on ensuring stable energy supplies while balancing political alliances.