The UK loosens Russian oil sanctions as fuel prices rise.
20 May 2026
The UK government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices rise.
The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since the start of the US-Israel war with Iran.
The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since the start of the US-Israel war with Iran.