Another period of Sanctions in Iran: Will the Tanker Market Benefit?

The Iranian oil market factor is back in play in the cruder tanker segment. In the latest weekly report, shipbroker Gibson said that “sanctions are back. From Monday any company trading Iranian crude faces being cut out of the US financial system. From Monday any company trading Iranian crude faces being cut out of the US financial system. The Trump Administration has stated its aim is tonreduce Iranian shipments to zero, although few expect this to actually be the case”.

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