• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 5 hours americavchina.com
  • 1 hour Greta named Time Magazine "Person of the Year"
  • 3 hours DUMB IT DOWN-IMPEACHMENT
  • 9 hours Tories on course to win majority
  • 10 hours Winter Storms Hitting Continental US
  • 6 mins Emissions Soar as Flaring Frenzy Breaks New Records
  • 1 hour Aramco Raises $25.6B in World's Biggest IPO
  • 12 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 day China Burns More Coal than the Rest of the World !
  • 8 hours WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene

Iran's Oil Tanker Leverage Game

Tanker

That Missing Oil Tanker, And Iran’s Game of Leverage

We said the cat-and-mouse game over security in global oil shipping lanes would get worse; and it has. On Sunday, a UAE-based oil tanker (a Panamanian ship, MT Riah) was traveling through the Strait of Hormuz when it suddenly stopped transmitting. It was last seen in the Persian Gulf, off Iran’s Queshm Island. It hasn’t been heard from since. It disappeared from radar near a base of Iran’s Revolutionary Guards.

But what happens next depends entirely on interpretation. According to our sources, this is a tiny vessel. Tankers trackers will confirm that. That’s why it took from Sunday until Tuesday for this story to really become interesting to the media. The US wants it to be interesting. So does Iran. It’s bait for leverage to see how we’ll end this conflict by bringing Iran back to the nuclear table.

But the reality is that it’s a small tanker, that is only nominally UAE-based, with no UAE crew. And it’s really no mystery. The Iranian foreign minister has already said that they pulled the tanker into Iranian waters to provide it with assistance when it was having trouble--ostensibly. If they ‘hijacked’ it, it was just to ratchet up tensions and hope that it was big enough for anyone to care. In this atmosphere of fear around the Strait of Hormuz and all the pathways to it, anything works to that end.

The likelihood is that this…




Oilprice - The No. 1 Source for Oil & Energy News