• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 12 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 11 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 12 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 7 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 1 hour California Threatens Ban on ICE Cars
  • 1 min Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 20 hours Iran v USA the perfect fire triangle
  • 17 hours U.S. and Turkey
  • 10 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 8 hours Get First Access To The Oilprice App!
  • 1 hour How can Trump 'own' a trade war?
  • 2 hours China, U.S. Hold 'Productive' Trade Talks In Beijing
California Threatens Gasoline Car Ban

California Threatens Gasoline Car Ban

California might ban gasoline-powered cars…

Iran Resumes Illicit Oil Shipments To Syria

Iran oil tanker

With its legal oil export avenues cut off by the end of all U.S. sanction waivers for its crude oil buyers, Iran has recently resumed illicit shipping of oil to Syria, CNBC reported on Thursday, citing data from tanker tracking firms.

TankerTrackers for example said today that “We spotted the first delivery of Iranian crude oil into Syria since January 1st of this year. A million barrels arrived on May 5th.”

Both TankerTrackers and ClipperData have spotted a delivery of around 1 million barrels of crude oil from Iran into the Syrian port of Baniyas, home to Syria’s biggest refinery, in the first week of May. The tanker they had been tracking had at one point switched off its transponder—a tactic that analysts believe Iran will start using more often to ship and sell its oil ‘under the radar’.  

The maximum pressure campaign of the United States against Iran led the Trump Administration to end all sanction waivers for Iranian oil buyers in its attempt to drive Iranian oil exports to zero.

Iran, for its part, is accusing the U.S. and its allies of using oil as a political tool and has repeatedly said that American sanctions can’t and won’t bring Iranian oil exports to zero.

Analysts think that Iran’s largest oil buyer China may not completely stop its purchases of Iranian crude oil as Beijing has said that it wouldn’t comply with U.S. sanctions imposed on Iran. Experts also believe that Iran will be re-opening and using more of its illicit oil channels to keep oil trade and continue getting some revenues from its most precious export commodity.

On Wednesday, Iran said that it was suspending some of its commitments under the nuclear deal and threatened to resume enriching uranium to a higher level if the remaining signatories to the deal—the EU, Russia, and China—don’t fulfill within 60 days their commitments to Iran, including protecting Iranian oil trade from U.S. sanctions.

The U.S. responded to the flare-up in tensions with Iran with Iran’s Special Envoy Brian Hook vowing that any attack against the United States or its allies would be met with a show of force.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Hasan Amini on May 10 2019 said:
    The word "illicit" in the title shows that you take side with the American Administration and Donald Trump. This violates the classic principle in Journalism of indifference. I would say it is Donald Trump's imposing sanctions on Iran that is "illicit".

Leave a comment

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