Indian Refiners and Global Energy Major Plan to Avoid Iran-Blacklisted Ships

At least three Indian oil refiners and one global energy company plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, according to four people familiar with the decisions. Tehran listed 45 ships for alleged violations of its Hormuz rules and threatened action against vessels transferring cargo with them. The restrictions could reroute energy cargoes handled off Fujairah and Sohar while raising freight, insurance and due-diligence costs. Shipping data showed two of the blacklist's 12 very large crude carriers had stopped broadcasting automatic-identification signals by Tuesday.