Oil firms steer clear of Iranian blacklist ships

Kpler's data shows that five ships passed through the Strait of Hormuz yesterday, including two liquefied petroleum gas (LPG) tankers and one asphalt tanker, with two empty tankers entering the Arabian Gulf. The number of ships passing through is significantly below the ten-day average of 15 ships. These developments come amid Iran's warnings that a blacklist of 45 ships has violated the passage rules, threatening sanctions against vessels transporting shipments through the strait in an escalation of threats against the global oil supply route. Some global refining companies, including Indian firms, have announced their intention to avoid using ships listed on the blacklist—particularly during ship-to-ship transfers—due to security risks and legal implications. Instead, trade is being rerouted through alternative ships or operations are being intensified through more secure methods to safeguard global oil supplies amid rising tensions over maintaining freedom of navigation in the Strait of Hormuz.

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