American oil boom seen tempting ships to steer clear of Iran

The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.
Photo: PR-foto: Teekay Tankers & Wärtsilä
Photo: PR-foto: Teekay Tankers & Wärtsilä
by Serene Cheong, Bloomberg News

As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American financial system, similar to earlier in the decade when such measures were enforced. Additionally, this time around, they’ll have to contend with being cut off from the booming business of transporting crude pumped from shale fields in Texas or wells in the Gulf of Mexico, according to shipbroker Braemar ACM.

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