Eleven Tankers Transport 20 Million Barrels of Iranian Crude This Week

Deep News06-19 23:10

Iran is moving substantial volumes of oil that were previously blocked from export due to U.S. sanctions, a development that could receive a boost following the interim peace agreement signed with Washington on Wednesday.

Shipping data indicates that a total of 11 tankers departed from Iran's Chabahar port on the Gulf of Oman this week, collectively carrying 20 million barrels of crude oil. The U.S. military had previously prevented these vessels from entering the Indian Ocean as part of its efforts to restrict Tehran's access to petrodollars.

Concurrently, Iran continues its efforts to control which vessels can transit the Strait of Hormuz and the manner of their passage. The Persian Gulf States Authority, established by Iran to regulate traffic, stated in a document published on its website that shipping companies must adhere to its designated routes and that vessels may face transit fees when passing through.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment