Ukraine agrees safe passage for Kazakh crude tankers

AI Summary

Ukraine has agreed to cease attacks on non-Russian tankers and related infrastructure involved with Kazakhstan’s Black Sea oil exports after US diplomatic intervention. This arrangement reduces a significant war risk for the tanker market and impacts the Caspian Pipeline Consortium’s terminal operations near Novorossiysk.

Ukraine has agreed to stop attacking non-Russian tankers and infrastructure associated with Kazakhstan’s Black Sea oil exports following US intervention, potentially easing one of the biggest new war risks facing the tanker market. The agreement covers vessels calling at the Caspian Pipeline Consortium terminal near Novorossiysk provided they are not sanctioned by Ukraine, do not …