Russia is cashing in on one of the biggest oil shocks in history, with its crude now selling above global prices as buyers scramble for alternatives. The shift marks a stark turnaround for Moscow, which had been forced to sell oil at steep discounts following Western sanctions over the war in Ukraine. Disruptions to tanker traffic through the Strait of Hormuz — the world's key oil shipping chokepoint — alongside a limited US sanctions waiver on some Russian shipments have reshaped trade flows