RSS SubscribeThe Clandestine Oil Shipping Hub Funneling Iranian Crude to China
From Bloomberg
Forty miles east of the Malaysian peninsula sits the world’s largest gathering point for dark fleet tankers. Aging ships, often operating under flags of convenience and without insurance, come here daily to transfer cargo away from prying eyes. It’s how billions of dollars of sanctioned Iranian oil finds its way to China annually — even though the country, officially, hasn’t imported a drop in more than two years.
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#darkfleet #oil