REUTERS/Jean-Paul Pelissier
- Iran's "ghost" armada that carry Russian oil is growing as Western sanctions on Moscow crude intensify.
- At least 16 "ghost" ships have begun shipping Russian oil over the past two months, up from 9 earlier, per the FT.
- Russia has been luring shipowners with premium rates to trade its oil, which is at least 50% above normal market rates.
Iran is deploying more ships to form part of a "ghost fleet" carrying Russian oil as Western sanctions on Moscow crude intensify.