The chokepoint moves ashore

Washington’s new Russia sanctions law stops chasing tankers and starts pricing their customers and the shadow fleet will shrink.

Washington’s new Russia sanctions law stops chasing tankers and starts pricing their customers. The shadow fleet will not vanish it will shrink to serve a single buyer.

On 18 September, President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act, and the logic of the campaign changed. The pressure point is no longer the tanker but the country that buys the cargo.

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