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Market Chatter: Indian Refiners, Energy Major to Avoid Iran-Blacklisted Ships

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At least three Indian oil refiners and a global energy major are considering stopping the use of ships included in Iran's 45 non-compliant vessel list, due to security concerns, Reuters reported Wednesday, citing sources.

Iran on Sunday released a list of ships it said had violated transit rules in the Strait of Hormuz, and warned of restrictions on future passages, including fines, detention, and confiscation. The majority of these vessels were reportedly targeted while performing shuttle runs to transfer oil from the Persian Gulf to other ships outside the strait.

Following Iran's warning, several charterers and shipping firms were assessing their ship-to-ship transfer operations and evaluating safer options, such as buying oil on a delivered basis, the news agency reported.

has reached out to India's Ministry of Petroleum and Natural Gas for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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