BY EMMANUEL OGBONNA

The British government has quietly relaxed part of its sanctions regime on Russian oil as officials scramble to shield households and businesses from soaring energy costs caused by the escalating crisis in the Middle East and the closure of the Strait of Hormuz.

Under a revised trade license that took effect on Wednesday, Britain will temporarily allow the import of Russian crude products that have been processed into fuels such as jet fuel and diesel in third-party countries including India and Turkey. The move marks a notable shift in London’s sanctions policy after more than three years of efforts to isolate Moscow economically following the war in Ukraine.

The decision comes amid growing turmoil in global energy markets after conflict involving the United States, Israel and Iran intensified, leading Tehran to shut down the Strait of Hormuz, one of the world’s most strategically important oil transit routes. Roughly one-fifth of global oil supplies normally pass through the narrow waterway, and its closure has sent shockwaves through international markets, sharply increasing the price of crude oil, diesel and aviation fuel.

Energy traders and airlines have warned of mounting supply pressures, with concerns rising that shortages of jet fuel could disrupt air travel and push transport costs even higher in the coming weeks. Governments across Europe have been weighing emergency measures to contain the economic fallout as fuel prices continue climbing.

British Treasury minister Dan Tomlinson defended the easing of restrictions, insisting the adjustment was temporary and narrowly focused on protecting the country’s energy security during an exceptional period of market instability.

He said the changes would apply only for a limited time and were designed specifically to address immediate supply concerns linked to the disruption in the Gulf.

Despite the move, British officials maintain that the United Kingdom remains firmly committed to supporting Ukraine and enforcing tough sanctions against Russia. Since Moscow launched its full-scale invasion in 2022, Britain has been among Kyiv’s most vocal military and diplomatic allies, supplying weapons, financial aid and training to Ukrainian forces while pushing for broader international sanctions against the Kremlin.

The government argues that the latest measure does not represent a reversal of its broader sanctions strategy, but rather a practical response to extraordinary global circumstances that threaten to worsen the cost-of-living pressures already facing British consumers.

Critics, however, say the policy risks undermining Western unity against Russia and could send the wrong message to Ukraine at a critical moment in the war.

Emily Thornberry, who chairs Parliament’s Foreign Affairs Committee, warned that Ukrainians would feel deeply disappointed by the decision. She argued that Russia’s oil industry remains one of the most effective pressure points available to Western governments and said continued sanctions were essential because they were severely damaging the Russian economy.

Her comments reflect growing unease among some lawmakers and foreign policy analysts who fear that economic pressures stemming from the Middle East crisis may begin weakening the international coalition that has worked to isolate Moscow financially.

Britain is not alone in adjusting its approach. The United States has also introduced limited flexibility into its sanctions policy this week. Treasury Secretary Scott Bessent approved a 30-day extension to a waiver allowing the purchase of Russian oil cargoes that were already in transit before the latest restrictions took effect.

The temporary waiver was viewed by market analysts as an attempt to prevent further disruption to global energy supplies at a time when crude prices are already surging because of tensions in the Gulf region.

Meanwhile, finance ministers from the Group of Seven major industrialized nations, including the United States and Britain, sought to reassure Ukraine and international markets by issuing a joint statement on Tuesday reaffirming their commitment to maintaining economic pressure on Russia.

The ministers said they remained unwavering in their determination to impose severe economic costs on Moscow over its continued military aggression against Ukraine, signaling that Western governments still intend to maintain the broader sanctions framework despite the temporary easing measures.

The latest developments underscore the increasingly difficult balancing act facing Western leaders as they attempt to sustain support for Ukraine while managing a rapidly worsening global energy crisis that threatens to deepen inflation, strain household budgets and slow economic growth worldwide.

Original article