Shipping and energy industry pundits have played down the impact of a possible US ban on oil imports from Russia.

But they said the potential for a similar move from Europe, while much less likely, could deliver a far more significant blow that could help boost the tanker sector.

The talk over whether energy exports could be the next target of evolving sanctions against Moscow’s invasion of neighbouring Ukraine shifted into a higher gear after US Secretary of State Antony Blinken said on Sunday that Washington was in talks with European allies about banning Russian oil.