The European Commission has delayed a proposal to permanently ban Russian oil imports, citing 'current geopolitical developments'. The US-Israeli war on Iran is creating a significant oil supply disruption.

The European Commission will no longer submit a legal proposal to permanently ban Russian oil imports over Moscow’s war in Ukraine on April 15 as previously ‌planned, an updated EU legislative agenda showed on Tuesday. An EU official, however, said the proposal had not been cancelled and would still be published though no longer by the mid-April date due to “current geopolitical developments”. The US-Israeli war on Iran is creating the biggest oil supply disruption in history, according to the.....