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Iran’s ‘ghost fleet’ switches into Russian oil

Sanctions-busting vessels make sudden shift after introduction of oil price cap and other restrictions

Tankers in Iran’s “ghost fleet” have switched to carrying Russian oil since western curbs on Moscow intensified in December, as the Kremlin turned to sanctions-busting techniques pioneered by Tehran.

At least 16 vessels that formed part of the “ghost” network that allowed Iran to breach US sanctions have begun to ship Russian crude oil over the past two months, according to Financial Times research.

Before the surge, just nine vessels had switched on to the Russian route during the nine months since the start of the war in February 2022.

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