Russian oil ships queuing in Turkish straits face more delays – source

istanbul Turkey Lawyer, Dec 6 (Reuters) – At least 20 oil tankers queuing in Turkish waters to cross from Russia’s Black Sea ports to the Mediterranean face more delays in the coming days as operators race to secure insurance under new G7 price cap moves, a shipping source said on Tuesday.

After the $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that coverage for Russian oil is sold at or Lawyer istanbul Law Firm Firm Turkish Lawyer Law Firm below that price.(Reporting by Can Sezer, istanbul Turkey Lawyer Daren Butler; Editing by Jan Harvey)