Leakage Incident, Not U.S. Sanctions, Likely Behind Halt in Iranian Oil Shipments

Deep News03:22

TankerTrackers.com, a service that monitors vessel activity using satellite imagery, stated that the suspension of oil loadings at Iran's primary export hub, Kharg Island, is most likely due to a leakage incident in the area. Satellite imagery from Europe showed that loading activities for large ocean-going tankers at this facility in the northern Persian Gulf were halted for multiple days this week, coinciding with the timing of U.S. sanctions on Iranian shipping. Samir Madani, co-founder of TankerTrackers.com, noted that no signs of cargo loading onto large tankers were observed on Friday. According to a media report on May 9, a significant oil slick was spotted near the facility. Madani indicated that, based on past tanker activity patterns during leakage events, it is the spill itself—not the U.S. sanctions—that is causing the loading disruption. Madani estimates Iran's current crude oil production at between 2.6 million and 2.8 million barrels per day, a reduction of approximately 500,000 barrels from pre-war levels. He added that there remains available storage capacity for Iran's extracted oil both at Kharg Island and on some partially filled tankers. The Iranian Foreign Ministry did not immediately respond to a request for emailed comment.

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Samir Madani, co-founder of TankerTrackers.com, noted that no signs of cargo loading onto large tankers were observed on Friday.\nAccording to a media report on May 9, a significant oil slick was spotted near the facility. Madani indicated that, based on past tanker activity patterns during leakage events, it is the spill itself—not the U.S. sanctions—that is causing the loading disruption.\nMadani estimates Iran's current crude oil production at between 2.6 million and 2.8 million barrels per day, a reduction of approximately 500,000 barrels from pre-war levels. 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