Energy Firms to Avoid Ships on Iran Blacklist
At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist due to security concerns. The decision comes after Tehran announced penalties for ships crossing the Strait of Hormuz.
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At least three refiners in India and a global energy major will stop using vessels on Iran's new shipping blacklist, avoiding ship-to-ship transfers amid security concerns, four sources with direct knowledge said on Tuesday morning. Tehran announced a blacklist of 45 ships on Sunday, threatening fines, detention, and cargo confiscation for vessels conducting transfers with them. The blacklist escalates risks in the Strait of Hormuz six months into the conflict involving the United States and Israel against Iran.
