Agios Fanourios I Resumes Voyage With 2 Million Iraqi Barrels After 5-Day US Halt
Updated
Updated · Bloomberg · May 17
Agios Fanourios I Resumes Voyage With 2 Million Iraqi Barrels After 5-Day US Halt
5 articles · Updated · Bloomberg · May 17
Agios Fanourios I left waters off Muscat late Saturday after idling for five days, resuming its Vietnam-bound trip with 2 million barrels of Iraqi crude.
Ship-tracking data showed the fully laden VLCC was sailing away from the Gulf of Oman and, by early Sunday, had passed a boundary line tied to a US naval blockade of Iranian shipping.
The movement follows a halt by US forces that had left the tanker waiting in the area for days, interrupting but not ending the cargo's onward journey.
The episode highlights how US enforcement around Iranian shipping can disrupt regional crude flows even when the cargo involved is Iraqi oil headed to Asia.
As oil prices hit $126, is the US blockade hurting global markets more than it is hurting Iran?
What precedent is set for neutral countries after Vietnam’s successful appeal for its tanker’s release?
With allies caught in the crossfire, is the US naval blockade on Iran truly '100% foolproof' as claimed?