22 August 2025: 09:30 BST
Sanctions, sanctions, sanctions… that’s the summary of the US approach these days. The US Department of State added 8 new ships, a port and a storage company to the naughty list – see details on the details page! The incremental impact is small, as the list of sanctioned vessels is pushing 165 since June 2024. We’re not sure what the game is here since a lot of the vessels have alternative insurance and they are lawful conveyances at the load and discharge port. The impact is lost, and it’s just an annoyance, and does not change anything whatsoever. Traders noted the sanctions came after an FT article, allegedly sourced from entities related to Washington. From a journalistic point of view independence is questioned.
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