Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict

The UK government has eased sanctions on Russian oil to mitigate the cost-of-living squeeze caused by the Iran conflict, allowing the import of Russian oil refined into jet fuel and diesel in third countries. This move is expected to help shelter Britons from soaring fuel prices. The US has also eased Russian sanctions, extending a 30-day sanctions waiver for Russian oil shipments already at sea.