Western officials and Ankara are in talks after stand-off on oil tanker pile-up near Turkey

Dec 8 2022 by Business Insider

 
Western governments are trying to resolve an oil tanker pile-up in Turkey's waters amid the EU and G7's price cap on Russian oil.

Photo by ANGELOS TZORTZINIS/AFP via Getty Images

The UK, US, and EU are working with Ankara to clear an oil tanker pile-up in Turkish waters. Oil tankers have begun piling-up off Turkish shores, as Ankara demands proof of insurance coverage. EU's $60 a barrel price cap on Russian crude kicked in Monday, which is impacting shipping and insurance.

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