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This fits the pattern of incremental sanctions enforcement since 2022, now hitting 85% of Russia's oil trade under price caps. However, with Russia adapting via shadow fleets and China/India discounts (current Urals at $35/bbl vs Brent $85), such seizures are becoming cost-of-doing-business rather than supply shocks. The market's focus has shifted to US election volatility and Fed policy, making this a background noise event in the current fear-driven market.

France seized a sanctioned Russian oil tanker with UK assistance on Sunday.