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Tanker owners cash in on Iran sanctions and trade tensions

12 Nov 2018 - 11:37




The Wall Street Journal - U.S. sanctions on Iran and the trade battle with China have become a boon for owners of tankers, with daily freight rates at their highest in two years as ships shift their routes to load up crude from other oil-producing countries.

Crude exports from Iran, the world’s fifth-biggest oil producer, have fallen about 50% since May when the U.S.


 

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Story Code: 326386

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https://www.theiranproject.com/en/news/326386/tanker-owners-cash-in-on-iran-sanctions-and-trade-tensions

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