10 Hrs
Source:
الاقتصادية
Legal Challenges to Trump Reinstating Shadow Fleet
The article addresses the efforts of the American administration to reintegrate sanctioned oil tankers into the market, aiming to increase supply and ease the rise in oil and fuel prices, especially amid ongoing tensions in the Gulf and the war between Russia and Ukraine. Although a plan has been announced to sell and bring ships back into operation without lifting sanctions, this initiative faces obstacles related to insufficient incentives, the advanced age of most tankers, limited availability of vessels, and the complexities of insurance policies and European and British regulations that restrict its effectiveness. Additionally, high shipping costs and fuel expenses pose challenges to motivating ship owners to sell. Meanwhile, the re-emergence of the shadow fleet into the market will occur gradually, as oil prices remain near their highest levels in five months.
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