Commodities and Futures News

Turkey should not check every tanker-US

2022.12.08 12:44


Turkey should not check every tanker-US

Budrigannews.com – The U.S. Treasury stated on Thursday that Ankara has made it clear that it is working quickly to resolve the issue and that the price cap on Russian oil imposed by Western powers does not require checks of every tanker passing through Turkish waters.

Despite the backlog of tankers waiting to cross the Bosphorus Strait at Istanbul, a Treasury spokesperson stated that Turkey shares the United States’ interest in maintaining a well-supplied oil market.

The spokesperson said in a statement, “We’ve been in touch with Turkey about how the price cap only applies to Russian oil, and explained that the cap does not necessitate additional checks on ships passing through Turkish waters.” Our comprehension is that basically the postponed big haulers are all not conveying oil from Russia and are not impacted by the cap.”

Turkey should not check every tanker-US

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