US sanctions relief unlikely to ease tanker crisis, Kpler says
Editorial
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Source
Middle East Eye
Middle East Eye
M
Middle East Eye
Original Source
Analytics firm Kpler says reported US plans to ease sanctions on shadow fleet tankers are unlikely to significantly reduce record freight rates. The firm notes that only a small fraction of the sanctioned supertankers could return to mainstream trade, as vessel age and ownership restrictions limit their eligibility.
Washington’s reported plans to ease sanctions on shadow fleet tankers may do little to alleviate record freight rates, analytics firm Kpler said.
In a post on X, Kpler says that of approximately 160 very large crude carriers (VLCC) sanctioned by the US Office of Foreign Assets Control (OFAC), only 24 could potentially return to mainstream trade after accounting for vessel age and ownership restrictions.
"With war risk, rather than vessel availability alone, driving freight costs in the Middle East Gulf, sanctions relief risks delivering limited commercial benefits while weakening geopolitical leverage," Kpler said.