Categories: Business

‘No choice’: Asian nations tap Russian oil under US waivers amid Middle East war

Asian nations, facing an energy crunch due to Middle East conflict and Strait of Hormuz disruptions, are increasingly turning to Russian oil. Benefiting from US sanction waivers, countries like the Philippines and South Korea are receiving Russian crude and naphtha. This shift offers a vital alternative for energy-starved economies, with more nations potentially following suit as the situation unfolds.

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