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In a bold move against sanctions evasion, German authorities have seized a Russian-owned oil tanker suspected of operating as part of a so-called “shadow fleet.” The vessel, which was carrying an estimated €40 million worth of cargo, was detained as part of efforts to enforce international restrictions on Russian energy exports. Crackdown on Sanctions Evasion […]

In recent months, a growing number of oil-filled Iranian tankers have been accumulating off the coast of Malaysia. This buildup comes as international sanctions on Iran tighten, making it increasingly difficult for the country to sell its crude oil through official channels. With restrictions limiting Iran’s access to global markets, the country has relied on