Tag: Aframax
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The Ripple Effect: U.S. Sanctions on Iranian Oil Network Shake Global Markets
U.S. Treasury Sanctions on Iranian Oil Network: Global Implications U.S. Treasury Sanctions on Iranian Oil Network: Global Implications The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on an international network facilitating the shipment of Iranian crude oil worth hundreds of millions of dollars to China. These sanctions, aligned…
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Navigating Stormy Waters: How U.S. Sanctions are Reshaping Global Oil Trade
The Impact of U.S. Sanctions on Global Oil Trade The recent geopolitical developments have significantly impacted the global oil trade, with U.S. sanctions targeting Russia’s oil exports playing a pivotal role. This article explores how these sanctions have disrupted supply chains, particularly at the Pacific port of Kozmino, and how merchants are adapting to rebuild…