US weighs easing sanctions on ‘shadow fleet’ tankers
The administration of U.S. President Donald Trump is discussing a partial easing of sanctions on the “shadow fleet” of tankers that transport oil from countries such as Russia, Iran, and Venezuela, Reuters reported.
The U.S. administration is considering a partial relaxation of sanctions on tankers involved in the transport of oil from nations like Russia, Iran, and Venezuela, according to a report by Reuters. This potential move, according to a White House source, could help alleviate the burden of high freight rates, encouraging the flow of more oil and oil products out of the Persian Gulf.
To utilize "shadow fleet" tankers for this purpose, one would need authorization from the U.S. Treasury Department. However, experts consulted by Reuters are skeptical that easing sanctions on "shadow fleet" vessels would lead to a reduction in freight rates. They pointed out that insurance companies would still be bound by EU and UK regulations, and it is unlikely these restrictions would be eased.
President Donald Trump announced on October 9 that Russia and the U.S. had reached an agreement on the supply of Russian diesel fuel to American and global markets, with partial lifting of sanctions on Russian diesel already in place.
Written by urgent.news from Meduza (English)'s reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- US considers easing sanctions on shadow fleet vessels to cut freight rates, official says jpost.com
- U.S considers easing sanctions on shadow fleet vessels to curb freight rates – media en.interfax.com.ua
- Crude oil futures decline on potential US sanctions relief for shadow fleet vessels thehindubusinessline.com
