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Welt: European Parliament to propose sanctions against former German Chancellor, Austrian ex-Foreign Minister.

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The members of the European Parliament want to call on the 27 EU states to include Germany's Gerhard Schröder and Austria's Karin Kneissl to the sanctions list, German newspaper Welt reported, referring to a draft resolution. Kneissl has been on the supervisory board of the Russian state oil company Rosneft since 2021 and Schroeder is the chairman of the supervisory board within the same organization.

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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