Reposted by Chatham House
Rising demand for sanctioned oil is entrenching the shadow fleet into the global economy. Following the energy shock triggered by the Strait of Hormuz crisis, countries have turned to sanctioned crude oil.
Read Nitya Labh's analysis for the autumn issue of @theworldtoday.org.
chathamhouse.org
Will the oil-tanker shadow fleet ever be brought back into line?
Sanctions are inadvertently transforming ‘dark’ tankers taking Russian and Iranian oil around the world into a parallel trading system. Even with improved international relations, they are unlikely to...