Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    51,091.07
    +209.78 (+0.41%)
     
  • CMC Crypto 200

    1,331.69
    +54.71 (+4.28%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

U.S. says Russian oil price cap does not require checks on every tanker by Turkey

Oil tankers wait at anchorage in the Black Sea off Kilyos near Istanbul

FORT WORTH, Texas (Reuters) - The U.S. Treasury said on Thursday that the price cap on Russian oil imposed by Western powers does not necessitate checks of every tanker passing through Turkish waters and that Ankara has made clear it is working quickly to resolve the issue.

A Treasury spokesperson said that Turkey shares U.S. interests in maintaining a well supplied oil market, despite a back-up of tankers waiting to transit the Bosphorus Strait at Istanbul.

“We’ve been in touch with Turkey about how the price cap only applies to Russian oil, and explained that the cap doesn’t necessitate additional checks on ships passing through Turkish waters," the spokesperson said in a statement. "Our understanding is that virtually all of the delayed tankers are not carrying oil from Russia and are not affected by the cap."

(This story has been refiled to add dropped word to headline).

(Reporting by Andrea Shalal in Fort Worth; writing by David Lawder in Washington)