The EU has today agreed to ban all Russian SEABORNE oil imports- effectively, this means that 90% of total Russian oil imports will be banned by the EU (Germany & Poland have previously stated they will, unilaterally, also fully ban Russian oil imports from pipelines also)."European Union leaders have agreed on a plan to block more than two-thirds of Russian oil imports.
The ban is a compromise that will not affect pipeline oil imports for now, following opposition from Hungary.
European Council chief Charles Michel said the deal cut off "a huge source of financing" for the Russian war machine".
https://www.bbc.com/news/world-europe-61638860
Democratic countries want energy security- reliable, "pro-western" energy exporters will be favoured, wherever possible. The EU, Japan, USA, UK etc. accept this will cause further prices in the price of energy imports
It can be assumed that increasingly "scarce" oil, gas, & coal deliveries are very likely to rise in the short & medium term- which will benefit STO.
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