A shadow fleet of oil tankers is forging ever-closer ties between Russia and Gulf states like the UAE and Saudi Arabia. These tankers emerged in 2022 after Russia invaded Ukraine, allowing Moscow to skirt the West imposing a price cap on its oil. So why have more shadow tankers moved towards these Gulf nations?WSJ explains how oil-rich nations in the Middle East facilitate Russia’s oil trade amid Western efforts to curb the Kremlin’s energy revenues.0:00 Gulf states and Russian oil0:43 Shadow fleet, explained2:03 Oil sales3:24 New energy trade center4:38 What’s next for the Middle East?News ExplainersSome days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day’s biggest stories into bite-size pieces to help you make sense of the news.#Russia #Oil #WSJ
The Shadow Tankers Sneaking Russian Oil Past Western Sanctions
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