![Barbed Wire-Fringed Cargo Ship Transports Volvo Ocean Race to Persian Gulf [VIDEO]](https://gcaptain.com/wp-content/uploads/2011/12/Picture-44.png)
In a highly non-traditional yet prudent move by Volvo Ocean Race organizers, 5 of the 6 racing yachts in the Volvo Ocean Race were picked up from their Indian Ocean “safe haven” today and are now on their way to the Persian Gulf where they will finish the rest of Leg 2 from Cape Town, South Africa to Abu Dhabi. The 6th boat, Team Sanya, has suffered structural and hardware failures in the first two legs of this race and is currently being repaired in Madagascar in preparation for Leg 3.
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The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
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