A shadow fleet of oil tankers is forging ever-closer ties between Russia and Gulf states like the UAE and Saudi Arabia. These tankers emerged in 2022 after Russia invaded Ukraine, allowing Moscow to skirt the West imposing a price cap on its oil. So why have more shadow tankers moved towards these Gulf nations?
WSJ explains how oil-rich nations in the Middle East facilitate Russia’s oil trade amid Western efforts to curb the Kremlin’s energy revenues.
0:00 Gulf states and Russian oil
0:43 Shadow fleet, explained
2:03 Oil sales
3:24 New energy trade center
4:38 What’s next for the Middle East?
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