Trump sanctions bite! Oil heading to India, China falls steeply; but can the world permanently ignore Russian crude?
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New US sanctions on Russian crude oil firms are causing major purchasers in China, India, and Turkey to distance themselves, leading to a significant decline in seaborne exports. Refiners are hesitant to accept Russian crude, resulting in increased oil volumes idling at sea and a drop in Moscow's oil revenue. What's Your Reaction?
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