Tag

Urals Crude

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ResearchPolicy2026-10-27

Urals Held to the $60 Price Cap on Three Documents; Iran the Only Auto-Reject, Iraq's Exemption Status Pending Confirmation

Under SNSUC's sanctions screening, Urals transactions require three documents — invoice, bill of lading, and payment proof — all verifying compliance with the $60/bbl price cap; Iran is the only origin subject to auto-rejection; Iraq’s exemption status lacks verifiable official confirmation and must not be stated as explicit or effective.