From October 1 to 15, 2023, tankers have been moving along unusual routes in response to new international sanctions. These changes in oil transportation patterns clearly demonstrate the impact of sanctions on the oil industry.
Analysis of New Routes
Recent sanctions, according to available reports, have led tankers to choose new routes. These changes are particularly evident in the Persian Gulf and the Mediterranean Sea. Shipments are moving towards lesser-known ports with the aim of finding new markets and reducing dependence on traditional routes.
Read more: Hamid Bord strengthens Iran's oil production under sanctions
History and Consequences
The history of sanctions on the oil industry shows that these sanctions have always caused changes in trade and transportation patterns. Given that countries and oil companies are seeking to maintain their markets, the rerouting due to sanctions may lead to increased costs and transportation times. Additionally, these changes may impact global oil prices.
Currently, examining new routes and tanker shipments can provide important information regarding the state of the global oil market. As some countries, especially in Asia, are looking to purchase oil from new sources, it seems that changes in routes will significantly affect the future of the oil market.
Read more: Iranian tanker shipment heading to China amidst sanctions · Export of livestock and poultry products continues despite sanctions and maritime blockade
