Turkey's Oil Tanker Traffic Jam Is Growing

The oil tanker traffic jam in the Bosphorus and Dardanelles Straits is growing, the Tribeca shipping agency told Reuters on Friday. The number of oil tankers idling in the Bosphorus and Dardanelles Straits waiting to enter Turkish waters has swelled to 28 as of Friday, compared to 20 on Monday. Before they can move on, Turkey requires all oil tankers to show proof of proper insurance coverage for their cargo, in light of the recently implemented G7 oil price cap on Russian crude. Turkey’s requirements come despite Western assurances that…