US sanctions relief unlikely to ease tanker crisis, Kpler says

According to analytics firm Kpler, reported plans by Washington to ease sanctions on shadow fleet tankers are unlikely to alleviate record freight rates. In a post on X, the firm noted that out of approximately 160 very large crude carriers (VLCC) that have faced sanctions, the potential relief may do little to resolve the ongoing tanker crisis.

The development concerns Washington's anticipated policy adjustments regarding the global transport of crude oil. The persistence of high freight rates despite prospective regulatory changes highlights the complex dynamics governing the sanctioned vessel market.