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Iran's shadow oil trade endures near Singapore despite war
At least 37 Iran-linked tankers have moved 62.3 million barrels since March 1, according to Kpler data analyzed by AFP.
- Since March 1, at least 37 Iran-linked tankers have transferred at least 62.3 million barrels of crude near Singapore, according to Kpler data analysed by AFP. These ship-to-ship transfers help Iran evade international sanctions.
- Iran's ageing 'ghost fleet' operates clandestinely, exploiting opaque ownership, false flags, and GPS manipulation to 'launder' cargoes and evade global sanctions. Ship-to-ship transfers on the high seas disguise the origin of these illicit shipments.
- An area southeast of the Malay Peninsula has emerged as a strategic hub for these transfers. Amir Handjani of the US-based Quincy Institute described the STS situation there as 'total anarchy.'
- Cargoes typically head to Chinese ports in Shandong and Jiangsu provinces. Elisabeth Braw of the Atlantic Council said 'contradictory activities' by the United States make shadow exports safer than legitimate trade.
- STS transfers are expected to thrive following the United States blockade of Iranian ports that started on Monday. Naveen Das, an analyst at Kpler, told AFP 'there's a lot of Iranian oil still on the water as floating storage.
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16 Articles
16 Articles
'It's really the main hub': Iran's shadow oil trade endures near Singapore despite war
·Luxembourg City, Luxembourg
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Total News Sources16
Leaning Left1Leaning Right5Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 40%
R 50%
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