Indian Refiners Halt Use of 45 Iran-Blacklisted Tankers as US Sanctions Tighten
Updated
Updated · OilPrice.com · Aug 26
Indian Refiners Halt Use of 45 Iran-Blacklisted Tankers as US Sanctions Tighten
3 articles · Updated · OilPrice.com · Aug 26
Summary
Three Indian refining companies and one global energy major will stop using tankers on Iran’s new 45-vessel blacklist, according to Reuters, avoiding chartering, ship-to-ship transfers or other dealings tied to those ships.
Iran issued the list after saying the vessels violated Strait of Hormuz transit rules and warned any blacklisted ship carrying cargo through the waterway could face fines, detention and cargo confiscation.
The move threatens shuttle operations used by the UAE and Saudi Arabia to move crude out of the Gulf to larger export tankers, while shipping companies are also weighing whether to suspend ship-to-ship transfers there.
The clampdown came a day before Washington unveiled fresh sanctions on brokers, companies and vessels across the UAE, Hong Kong, China, Singapore, Switzerland and Europe linked to Iranian oil trade and IRGC revenue.