UK Delays Russian Oil Curbs as 20% of Global Supply Chokes in Strait of Hormuz

12 articles · Updated · The Associated Press · May 20

A new U.K. trade license took effect Wednesday allowing imports of diesel and jet fuel refined from Russian crude in countries such as India and Turkey, delaying an October ban.
The carve-out aims to shield British consumers from a fuel-price shock after the Iran war effectively closed the Strait of Hormuz, a route that normally carries about one-fifth of global oil.
Keir Starmer called the move a targeted short-term phase-in rather than a rollback of existing sanctions, though the licenses have no end date and will be reviewed regularly.
Kemi Badenoch and Labour lawmaker Emily Thornberry said the decision risks undermining pressure on Moscow, while a senior Ukrainian official said Kyiv was seeking clarification from London.
The U.K. shift follows a 30-day U.S. waiver for some Russian oil cargoes and jars with a G7 pledge this week to keep imposing severe costs on Russia.

With fuel shortages grounding flights, is importing Russian-linked fuel the only way to keep Britain moving?

As the Iran war chokes global oil supplies, are Western sanctions against Russia now collapsing under the pressure?