By Elina Ganatra (Bloomberg) —

Oil tanker tycoons are enjoying a surge in revenue as sanctions triggered by Russia’s war redraw global crude trade. And it’s built to last.

The break is pretty simple. Europe, for decades the top buyer of Russian oil, will ban purchases from Moscow next month and is already throttling. These cargoes flow to Asia instead. The result is ships that sail thousands of miles further and represent an important aspect of…

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