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Oil Tanker Sails Through Bosphorus in Sign Insurance Spat Easing

Oil Tanker hp social generic
Photographer: Marcelo del Pozo/Bloomberg

Turkish authorities allowed an oil tanker to pass through country’s vital Bosphorus shipping strait, suggesting an impasse relating to sanctions on Russia might be set to ease.

The vessel in question was flying the Turkish flag and its insurer provided a letter proving it had appropriate insurance, a local port agent reported, translating a statement by the country’s Directorate of General Maritime Affairs.