A jam of oil tankers has developed Turkey following the imposition of a price cap on Russian crude oil by Western powers attempting to breach the Kremlin’s coffers.

The ships have ground to a halt after Turkish authorities in Ankara demanded that insurers prove the ships passing through the strait are fully insured.

After tense negotiations over the past week, EU sanctions against Russian oil prices came into force on Monday. The rules state that tankers carrying Russian crude oil cannot…

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