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09.10.26 - 22:00
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Treasury Hits Remaining ′Shadow Fleet′ Shipping Iranian Oil To Asia With New Sanctions (ZeroHedge)
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Treasury Hits Remaining 'Shadow Fleet' Shipping Iranian Oil To Asia With New Sanctions
The Trump administration is late this week moving to identify, punish, and cut off remaining tankers in Iran's so-called 'shadow fleet' which are still engaged in shipping Iranian oil to Asia.
Thursday saw the US Treasury impose sanctions on 17 vessels and their owners involved in transporting Iranian crude oil, petroleum products and petrochemicals - with these being mostly aging oil tankers which conduct ship-to-ship transfers and other evasive, concealment tactics.
via ShutterstockThe Treasury Department hailed the action as effectively neutralizing the vast majority of the Islamic Republic's remaining shadow fleet, through which Tehran still rakes in potentially billions in foreign oil sales, circumventing the ongoing US naval blockade of its ports.
However, it's commonly estimated that some 20 million barrels of Iranian crude remain aboard ships which are far outside the reach of the Persian Gul...
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09.10.26 - 09:42
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Delays of several hours: Passenger trains using slower freight locos amid shortage (Times of India)
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Indian Railways records contain several instances in which a lack of locomotives designed for passenger services led to trains being hauled by freight engines, which operate at lower speeds. The use of these locomotives has affected running times and caused operational delays, the records show. The Railway Ministry, however, said it was accelerating efforts to expand locomotive production....
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08.10.26 - 13:51
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Qatar Masses Tanker Fleet With 2% Of Global LNG Shipping Capacity (ZeroHedge)
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Qatar Masses Tanker Fleet With 2% Of Global LNG Shipping Capacity
Ongoing tensions in the Gulf region pushed Brent crude futures back above $101 a barrel. Reports of Houthi attacks in Saudi Arabia, missile interceptions near Riyadh, and concerns about tanker attacks in the Strait of Hormuz have produced a lot of uncertainty about supplies ahead of the Northern Hemisphere winter.
In recent weeks, crude flows through the Strait of Hormuz have increased, but only because of the US military presence in the critical waterway. Meanwhile, Trump administration officials have boasted that Iran's exports have plunged to zero.
Iran reiterated earlier this week that the Hormuz chokepoint won't reopen until US negotiators meet its conditions for a peace deal. The problem with that is that Goldman's most recent report on Hormuz crude flows shows they are back to prewar levels as Tehran's leverage erodes.
A new indication that Hormuz energy flows could ramp up comes from a Wednesday morning Bloomberg New...
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