Sanctions and discounts fuel flurry of deceptive tactics to move Iran and Russia crude into China
- Steeply discounted Russian and Iranian barrels are increasingly competing for ship-to-ship priority as they enter Chinese market
- Demand luring new entrants into dark fleet operations amid growing complexity and increasing frequency of STS operations
- Teapots and other buyers are chasing the cheapest barrels, regardless of origin
Russian and Iranian dark fleet tactics are adapting to new sanctions realities and growing market-fuelled demand from China
