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Iran’s state-run IRNA news agency reported that a Marshall Islands-flagged tanker collided with an Iranian vessel in the Persian Gulf, prompting Iran’s navy to seize the vessel in Gulf of Oman.
While India imports Russian oil on a delivered basis that takes into account logistics and other costs, banks are demanding details on so-called free-on-board prices to ensure they fall at, or below $60 a barrel.
Turkey is loading up on millions of barrels of diesel from Russia that European Union countries can no longer buy.
Private refiners in China, the largest crude importer, are snapping up more Iranian oil.
Russia's diesel exports are on course to hit a record this month.