Iran ships some LPG, jet fuel despite US blockade, data shows
Ship-tracking data show at least eight LPG tankers and one jet fuel cargo got through, even as U.S. forces redirected most Iranian shipments.
- Iran has managed to export liquefied petroleum gas and jet fuel since July despite a U.S. naval blockade, concealing cargoes among ship-to-ship transfers by other Gulf producers off Oman.
- Washington enforces an 'ironclad' naval blockade coupled with Operation Economic Outcast sanctions to sever Iran's financial links and revenue streams. Treasury officials describe these measures as 'suffocating the Iranian regime.'
- Shipping analysis shows at least 4.1 million barrels of Iranian LPG have left the Gulf of Oman since mid-July, with most cargoes routed to Malaysia's Eastern Outer Port Limits for further transfers.
- U.S. Treasury officials questioned the data, warning that shipping information 'should be taken with a grain of salt' as vessels may spoof locations or use false identities when loading.
- Analyst Torbjorn Soltvedt, principal Middle East analyst at Verisk Maplecroft, notes worsening economic conditions may push Tehran to take greater risks, as Iranian crude exports fell to zero in September.
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114 Articles
Gulf economies accelerate diversification as recession looms over Iran war
Before the outbreak of the war triggered by the US-Israeli attack on Iran in February, the Gulf monarchies were living the prosperity dream that was the envy of the world. Their hydrocarbon-fuelled economies were glitzy oases of growth, inoculated from the conflict in Gaza that had rocked other parts of the Middle East for several years. Underpinned by decades-old US security guarantees and conflict mediation by billionaire sheikhs, Saudi Arabia…
Iranian oil tankers are empty of crude oil, experts say
Saudi Arabia and the UAE head for recession amid Iran war impact: IMF
Jihad Azour, Director of the Middle East and Central Asia Department at the IMF speaks to CNBC's Dan Murphy as the fund forecasts a sharp contraction across Gulf economies this year amid the Iran war.
Iran almost exhausted the oil stocks it had managed to load on the oil tankers before the United States imposed the naval blockade on its ports. The blockade is in effect since April and...
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