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Wednesday, October 28, 2026Updated 14:29 UTC

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Sanctioned Oil Tankers Find a Lucrative New Trade in the Persian Gulf

Source: OilPrice.com · Oct 28, 2026 06:45 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Tankers previously used to ship crude oil from sanctioned countries are now moving crude out of the Middle East, after being removed from sanction lists. Two very large crude carriers that used to transport Venezuelan crude before are now being used to export oil from the Persian Gulf, and two more are en route to the Gulf of Oman, setting off from South America, Bloomberg reported today. “Vessels

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