Current Affairs · International Relations and Energy Security
Which of the following reasons best explains why certain oil-exporting nations facing G7 sanctions must accept reduced net revenues despite maintaining large export volumes via shadow fleets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Because the international price of oil has been capped at zero dollars by global regulators.
- 2Because of the high maintenance and procurement costs of brand new state-of-the-art tankers.
- 3Because they must offer deep price discounts compared to the international Brent benchmark to attract buyers.✓
- 4Because major buyers like India and China have stopped purchasing crude oil entirely.
Correct answer
Because they must offer deep price discounts compared to the international Brent benchmark to attract buyers.
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