Reshaping trade routes increases volatility while maximizing tanker fleet utilization
The United States has stated that tighter sanctions on Russia will hinge on Europe’s ability to reduce its reliance on Russian energy and prioritize American exports.
Washington is actively urging Europe to reduce Russian crude imports in favor of American volumes, a dynamic that could reshape trade routes and increase transatlantic shipments.
China pushes back against tariffs
Beijing has rejected US threats to impose steep tariffs if it continues to purchase Russian oil, denouncing such measures as economic coercion. While the European Union remains hesitant to implement similar tariffs, this standoff underscores the escalating rivalry among major powers, amplifying uncertainty around energy flows and global market stability.
Source : TradeWinds