Crude Oil Risk Premium Builds as Iran Blacklists 45 Tankers
Created on
Last updated
Iran's Persian Gulf Strait Authority blacklisted 45 tankers tied to Bahri and ADNOC Logistics, threatening fines and cargo seizure just as Washington prepares its "economic D-Day" sanctions push against Tehran.
The escalation coincided with a Houthi missile and drone strike on Saudi tanker Amzan off Yanbu, reinforcing the Red Sea's status as a persistent flashpoint for crude flows even outside the Strait of Hormuz chokepoint.
With China absorbing over 80% of Iran's seaborne exports and regional buyers like Iraq and Turkey exposed to Iranian energy, traders are pricing a widening geopolitical risk premium into benchmark crude contracts.