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Baltic Sanctions update: EU and UK Oil Price Cap Reduction and further US-Iranian Sanctions

UK and EU price cap reduction From 0001 GMT 3rd September, the UK and EU price cap on Russian crude has been reduced to $47.6 per barrel, down from the previous price cap of $60 a barrel. There is no price cap change for refined high and low value oil products; these remain at $100 …

Source: www.hellenicshippingnews.com

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