Energy
Oil-Tanker Boss Expects Iran Sanctions Pressure to Lift Earnings
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The boss of one of the world’s largest tanker companies said recent moves to tighten sanctions on Iranian and Russian oil flows should boost earnings for crude-carrying vessels.
A push by ports in China’s Shandong province to reject sanctioned ships may have a significant impact on flows, Frontline Management AS Chief Executive Officer Lars Barstad said Tuesday. Other recent curbs, including America’s decision to blacklist China’s biggest shipping line, will also affect trade, he said.