Saudi Arabia Tries To Restrict Iran's Oil Production

An oil tanker © Francisco Bonilla / Reuters

RT: Saudi Arabia preventing Iranian oil tankers from entering its waters – report

Riyadh is apparently taking steps to thwart Tehran’s return to the world oil market after the ending of Western sanctions. Iranian oil tankers are being stopped from entering ports in Saudi Arabia and Bahrain, the FT reports, quoting shipping data.

Due to these obstacles, by mid-April only about eight tankers will have sailed from Iran for Europe according to shipbrokers, the newspaper reports. The transported cargo is only 12 million barrels.

After the sanctions on Iranian oil ended in January, Tehran has only managed to export small quantities of oil to Europe.

Intertanko and other industry players have told the FT there are no formal restrictions by Riyadh, but no one wants to complicate relations with the Kingdom.

”It’s seen as an unknown risk. No one wants to disrupt their relationship with the Saudis,” said one shipbroker.

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