EconomyUS weighs easing sanctions on ‘shadow fleet’ tankers
The Trump administration is discussing a partial easing of sanctions on tankers in the “shadow fleet,” Reuters reports. The White House says the move could bring down record-high freight rates and allow more oil and products to leave the Persian Gulf. Use of the vessels to carry “legal oil” would still require U.S. Treasury permission. Experts doubt rates will fall, citing EU and U.K. insurance rules that are unlikely to change.
US weighs easing sanctions on ‘shadow fleet’ tankers