Market Chatter: US Naval Pressure Cuts Iran Exports; 1 Tanker Slips Blockade
An Iranian tanker is likely to have breached the US blockade, even as Washington has redirected 50 vessels since April 13, Bloomberg reported on Tuesday.Satellite tracking indicated the Iranian-flagged Very Large Crude Carrier Huge reappeared near Bali after going dark for months, suggesting it may have evaded US enforcement measures, Bloomberg reported, citing TankerTrackers.com.The vessel signaled its position on Sunday, with imagery confirming it had been at an Iranian port just hours before the US launched its blockade on April 13, Samir Madani, co-founder of TankerTrackers.com, said.The US has blocked ships carrying Iranian oil from exiting the Gulf of Oman, while deploying naval forces to escort commercial vessels through the Strait of Hormuz, intensifying regional tensions.US Central Command said forces have redirected about 50 vessels since the blockade began, according to the analysis.Iranian vessels have increasingly clustered near Chabahar, close to the US blockade line, where tankers are being redirected to idle in nearby waters rather than continue outbound voyages.The Strait of Hormuz saw no new commercial crossings on Tuesday, following a brief transit by a Maersk vessel under US military escort the previous day.Heightened tensions, including vessel attacks and missile strikes targeting the UAE, have deterred shipping activity despite US assurances of safe passage.Hundreds of vessels clustered near Dubai rather than entering the strait, as operators sought to avoid risk amid heightened regional tensions.On Monday, two US ships exited the Persian Gulf under military escort, with tracking systems turned off, while outbound traffic consisted only of smaller or Iran-linked vessels.Ships that continued transiting Hormuz stayed within a narrow northern corridor approved by Iran, while widespread signal spoofing reduced visibility into actual traffic movements.Most Iran-linked vessels departing the Gulf have stalled in the Gulf of Oman, though it remains unclear whether delays reflect trade patterns or continued US naval restrictions.Tracking challenges persist as vessels disable AIS signals to avoid detection, with some not reappearing until they reach distant routes, such as the Strait of Malacca, about 13 days from Iran.(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.)