UK Delays Russian Oil Sanctions Amidst Global Fuel Price Concerns

Kathmandu. Considering the situation where fuel prices are rising worldwide after the Hormuz Strait was effectively closed due to the Iran war, the British government has delayed the implementation of some new sanctions related to Russian oil.

Under the new trade permit that came into effect from Wednesday, jet fuel and diesel made from Russian oil refined in third countries like India and Turkey have been allowed to be imported into Britain.

The price of oil in the global market has increased rapidly due to the war between America-Israel and Iran and Iran's control over the Hormuz Strait. It has been reported that concerns about jet fuel shortage have also increased as about one-fifth of the world's oil is transported through this route.

Opposition Conservative Party leader Kemi Badenoch has criticized the British government, saying it has