2026-04-17 04:59:07


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Trump sanctions bite! Oil heading to India, China falls steeply; but can the world permanently ignore Russian crude?

New US sanctions on Russian crude oil firms are causing major purchasers in China, India, and Turkey to distance themselves, leading to a significant decline in seaborne exports. Refiners are hesitant to accept Russian crude, resulting in increased oil volumes idling at sea and a drop in Moscow's oil revenue.

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