EU confirms it wants price cap cut to $45 as it sanctions 77 ships

Moves aimed to pressure tanker trades further

European Commission President Ursula von der Leyen. — European Commission President Ursula von der Leyen.Photo: European Parliament

Gary Dixon

TradeWinds correspondentLondon

Published 10 June 2025, 11:51Updated 10 June 2025, 15:27

Sanctions Oil price cap Russia European Union