ICYMI: UK treasury confirms will not allow insurers to cover ships carrying n oil<p>This from Thursday Europe/US time ICYMI.</p><ul><li>tanker owners flying any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil onboard that originated in , unless has sold the crude to the buyer at or under a price cap pushed for by G7 members </li><li>The US is expected to join the insurance ban shortly </li></ul><p>When the US joins up this means over 90% of the world's insurers will shun n-linked crude tanker business from December 5.</p><p>Oil update:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: ICYMI: UK treasury confirms will not allow insurers to cover ships carrying n oil (https://forexlive.com/news/icymi-uk-treasury-confirms-wont-not-allow-insurers-to-cover-ships-carrying-n-oil-20221110/https://forexlive.com/news/icymi-uk-treasury-confirms-wont-not-allow-insurers-to-cover-ships-carrying-n-oil-20221110/)
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