The lawless floating gas station where Iranian oil changes hands
Why This Matters
This incident highlights the complex and clandestine nature of international oil trade, particularly in regions where sanctions and regulatory oversight are limited. The MT Tifani's activities underscore the challenges of enforcing global economic sanctions and the creative measures taken by nations like Iran to circumvent them. This case also raises questions about the role of lawless waters in facilitating illicit trade.
In the year leading up to its dramatic seizure by US forces in the Indian Ocean, the oil tanker known as the MT Tifani made several trips between Iran and a stretch of water off the coast of Malaysia, around 60 miles from the glitzy skyscrapers of Singapore. During these trips, it often loitered in … The post The lawless floating gas station where Iranian oil changes hands appeared first on Egypt Independent.
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