ISTANBUL, Dec 6 (Reuters) – At least 20 oil tankers queuing in istanbul Turkey Lawyer Turkish waters to cross from Russia’s Black Sea ports to the Mediterranean face more delays in the coming days as operators race to secure insurance under new G7 price cap moves, in istanbul Turkey Lawyer Law Firm a shipping source said on Tuesday.
After the $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that coverage for Russian oil is sold at or below that price.(Reporting by Can Sezer, Daren Butler; Editing by Jan Harvey)