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U.S. emergency waiver clears Russian oil embargo, 19 million barrels of Russian crude spot cargo allowed into market for risk mitigation

U.S. emergency waiver clears Russian oil embargo, 19 million barrels of Russian crude spot cargo allowed into market for risk mitigation

2026-03-13 14:33

ChainThink report, March 13: Ship tracking data shows that following the U.S. issuance of temporary purchase waivers for goods already in transit, crude oil and refined products carried by approximately 30 tankers in Asian waters are now potentially tradable. Data indicates these vessels are carrying at least 19 million barrels of Russian crude oil and 310,000 tons of refined petroleum products. The refined products primarily include naphtha, used in plastic production, and certain diesel components, whose prices have surged sharply since Iran effectively blockaded the Strait of Hormuz. Tracking data reveals these vessels are currently marked as "waiting"—indicating no confirmed destination, or showing movement toward Singapore and Malaysia, where tankers typically pause to await trade execution. Muyu Xu, Senior Crude Analyst at Kpler, stated that the U.S. decision is "buying time for countries and refiners to respond to potential Middle East supply disruptions." She emphasized: "Countries will purchase any resources they can access—energy security remains a top priority for all nations." (Jinshi)

Disclaimer: Contains third-party opinions, does not constitute financial advice

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