Iran may use secret oil shipments to skirt US sanctions

REUTERS/Heinz-Peter Bader

• Iran may ship oil secretly to reduce the impact of the US sanctions on its oil exports.
• During the previous round of sanctions, Iran disabled tracking on its tankers.
• China, India, and Turkey are likely to continue buying Iranian oil after November 4.

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Iran may resort to various ways of reducing the impact of the U.S. sanctions on its oil exports, and those tactics include secret oil shipments without trackers on tankers, bartered trades, discounts, and extended credit periods on oil sales, analysts tell Bloomberg.

During the previous round of sanctions, Iran disabled tracking on its tankers, resulting in millions of barrels of oil exports that were unaccounted for, according to Bloomberg and analysts.

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