ReportedShipping, energy & marketsUnited States; Strait of Hormuz shipping routes
Oil traders seek U.S. licenses to use sanctioned tankers
- Mountain Time
- Local time
- 8:30 PM UTC
- Where
- United States; Strait of Hormuz shipping routes
Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to buy or lease sanctioned tankers, according to a Bloomberg report cited by OilPrice.com. The talks cover about 50 vessels; Treasury is considering requests case by case and has made no final decisions.
Why it matters
Licenses could add tankers to a market strained by longer Iran-war routes and high freight and insurance costs, potentially easing crude-export logistics.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels