US sanctions strand Iran, Russia oil on tankers, driving up crude prices The quantity of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions diminished the variety of patrons, leaving fewer tankers accessible to ship cargoes and driving up crude prices, commerce sources and analysts mentioned. Washington has imposed a number of rounds of sanctions on ships and entities coping with oil from Iran and Russia since October, disrupting commerce with main importers China and India. U.S. President Donald Trump final week restored his "most strain" marketing campaign on Iran that features efforts to drive its oil exports all the way down to zero with a purpose to cease Tehran from acquiring a nuclear weapon.

US sanctions strand Iran, Russia oil on tankers, driving up crude prices The quantity of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions diminished the variety of patrons, leaving fewer tankers accessible to ship cargoes and driving up crude prices, commerce sources and analysts mentioned. Washington has imposed a number of rounds of sanctions on ships and entities coping with oil from Iran and Russia since October, disrupting commerce with main importers China and India. U.S. President Donald Trump final week restored his “most strain” marketing campaign on Iran that features efforts to drive its oil exports all the way down to zero with a purpose to cease Tehran from acquiring a nuclear weapon.