Sanctioned Oil Tankers Find a Lucrative New Trade in the Persian Gulf

AI Summary

Tankers formerly used to transport sanctioned Venezuelan crude are now carrying oil from the Persian Gulf after being delisted or licensed for certain transactions. Additional vessels are reportedly heading toward the Gulf of Oman, highlighting changes in sanctions enforcement and crude shipping routes.

Tankers previously used to ship crude oil from sanctioned countries are now moving crude out of the Middle East, after being removed from sanction lists. Two very large crude carriers that used to transport Venezuelan crude before are now being used to export oil from the Persian Gulf, and two more are en route to the Gulf of Oman, setting off from South America, Bloomberg reported today. “Vessels that were blocked are being delisted or are being licensed for certain forms of financial transactions,” Benjamin Robinson, maritime attorney…