Apparently the UK government is to loosen sanctions on refined Russian oil coming from third countries like India destined for diesel and jet fuel. They are obviously concerned about supplies later in the year. Thinking about the war in Ukraine, this seems like a kick in the teeth to Ukraine with Russia benefiting.
It is my view that we will see certain fuels and food rationed by this time next year.
I cannot see a quick end to the war between the USA with Israel and Iran.
