Iran Forced to Rely on Own Tanker Fleet Even as Oil Exports Fall

By Julian Lee (Bloomberg) -- It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. The nation’s outflow has fallen, and Iran is having to rely more on its own fleet of tankers to carry oil to its customers, according to ship-tracking data … [Read more...]