The Houthis are increasingly relying on sanctioned tonnage to ship oil into Ras Isa, while more tankers are calling at the port with AIS off.

While the US & the #Houthis reached a truce in May, US #sanctions remain in place, and are driving more of the Houthis’ oil trade into the shadows.

#oott

The number of tankers anchored off #Houthi -held Ras Isa port has dwindled sharply in recent weeks.

Increase in vessels switching off AIS likely a small factor, not significant enough to drive the trend. Satellite imagery likewise shows the anchorage has emptied.

#oott

Vessels that were scrapped years ago are increasingly reappearing in the market after being “resurrected” in elaborate sanctions-skirting schemes.

Watch video below to see how US-blacklisted VLCC Jaya delivered Iranian oil to China under the identity of tanker scrapped more than 3 years ago.

#oott