Largest Crude Tankers Abandon Iran Oil Trade After US Sanctions

"With the latest US sanctions imposed by the Trump administration, nearly two-thirds of the vessels shipping Iranian oil have now been blacklisted, according to oil tanker tracking data, forcing a significant number to abandon Iran and turn to transporting Russian oil. Although stricter sanctions have complicated oil transportation for Iran’s VLCC’s, claiming that Iran’s oil exports will face sever disruption and a catastrophic decline would be an exaggeration. United Against Nuclear Iran (UANI) has identified 503 tankers with a combined capacity of 61 million tons of oil (over 350 million barrels), but sanctions currently cover less that 45% of this total capacity."