Key facts
- Iran blacklisted 45 oil, LNG, LPG, and product tankers for allegedly violating rules governing passage through the Strait of Hormuz.
- The blacklisted vessels are used for transferring oil out of the Persian Gulf for export.
- Iran warned of penalties including fines, detention, and cargo confiscation for violating vessels.
- An Iranian warship deterred the Indian oil tanker 'HAANA' from transiting the Strait of Hormuz.
- The U.S. Treasury announced new sanctions targeting entities involved in transporting Iranian oil and channeling revenues to Iranian entities.
- Indian refining companies and a global energy major will cease using the blacklisted tankers.
Iran has blacklisted 45 oil, LNG, LPG, and product tankers for allegedly violating rules governing passage through the Strait of Hormuz. The move, which threatens fines, detention, and cargo confiscation, is seen as retaliation against looming U.S. economic measures. The list includes vessels linked to major companies like Saudi Arabia's Bahri and ADNOC Logistics & Services. This escalation follows an incident where an Iranian warship deterred the Indian oil tanker 'HAANA' from transiting the strait. Traffic through Hormuz has significantly decreased, with AIS-detected traffic estimated to be roughly 90% below pre-war levels. The U.S. Treasury is preparing to announce new sanctions targeting entities involved in transporting Iranian oil.