UK eases sanctions on Russian oil as fuel prices surge over Iran conflict
The U.K. government has quietly eased some sanctions on Russian oil to help Britons cope with rising costs.
A new trade license allows the import of Russian oil refined into jet fuel and diesel in countries like India and Turkey.
The change comes amid the U.S.-Israeli conflict with Iran, which has closed the Strait of Hormuz, causing global fuel prices to soar.
U.K. Treasury minister Dan Tomlinson says the changes are temporary.
Britain insists its sanctions against Russia remain tough, but some lawmakers argue this move could disappoint Ukraine.
The U.S. has also eased Russian sanctions recently.
Hormuz transit hopes as tankers exit
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