At least 2 Shadow Fleet VLCCs previously sanctioned by the US are heading to the Middle East, according to TankerTrackers. The privately owned vessels previously carried sanctioned Russian, Iranian or Venezuelan oil. Energy Secretary Chris Wright plans to return dozens or hundreds of such tankers to legitimate trade to reduce shipping costs. Private investors would buy and renovate them with the approval of the US Treasury. Each VLCC carries ~2M barrels alone.

At least 2 Shadow Fleet VLCCs previously sanctioned by the US are heading to the Middle East, according to TankerTrackers. The privately owned vessels previously carried sanctioned Russian, Iranian or Venezuelan oil. Energy Secretary Chris Wright plans to return dozens or hundreds of such tankers to legitimate trade to reduce shipping costs. Private investors would buy and renovate them with the approval of the US Treasury. Each VLCC carries ~2M barrels alone.