CLAVE 1 / 4Iran has blacklisted 12 VLCCs, threatening fines, detention and cargo confiscation.
CLAVE 2 / 4The vessels carried 750,000 barrels per day, or 24% of crude transferred ship-to-ship outside the Strait of Hormuz.
CLAVE 3 / 4Indian refiners and a global energy major plan to stop using the blacklisted tankers due to security concerns.
CLAVE 4 / 4Since early July, 3.1 million barrels per day of Middle East Gulf crude have relied on shuttle transfers in the Gulf of Oman.
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