Oil Gas Tankers
Oil and gas tankers are anchored off the Marseille harbour, southeastern France, October 27, 2010.
  • 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.