ICYMI: UK treasury confirms will not allow insurers to cover ships carrying n oil

[forex4you]

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

forexlive.com