The world is facing a new challenge: a secret fleet of ships, often old and poorly maintained, is being used to move oil and other goods while avoiding sanctions. This fleet, known as the "shadow fleet, " is growing rapidly, especially after Russia's invasion of Ukraine in 2022. It now includes arou
In the vast Caribbean Sea, a fleet of at least 34 oil tankers, previously flagged by the U. S. , are currently navigating waters. These tankers have a history of transporting Venezuelan oil, with 12 of them seemingly filled with crude from the South American nation, according to trade intelligence f
The Strait of Hormuz is a critical waterway for global oil trade. It is a narrow passage between Iran and Oman. Around 20% of the world's crude oil flows through this strait daily. This makes it a vital route for many countries, including China. China relies heavily on this strait for its oil import
In a surprising turn of events, a former U. S. president has proposed a significant tariff on Russian oil. This move is seen as a direct challenge to Russian President Vladimir Putin. The idea is simple: if you buy oil from Russia, you can't do business in the United States. The proposed tariff woul
