A dark fleet of oil tankers is operating with impunity on the edge of a major maritime thoroughfare - moving hundreds of millions of barrels of sanctioned oil and risking an environmental catastrophe. Serene Chong, Oil Trading (Asia) Team Leader and Weilun Soon, Oil and Shipping Reporter, both of Bloomberg News, join the Wide World Segment on the Saturday Mornings Show with host Glenn van Zutphen and co-host Neil Humphreys.

Their fascinating investigative report shows how billions of dollars of sanctioned Iranian oil is going to China every year. The Bloomberg investigative team tracked nearly five years of satellite data images of the dark fleet movement around the world. They discuss how geopolitics and macroeconomics are affecting shipping and oil markets.

See the original story here: https://www.bloomberg.com/graphics/2024-iran-south-china-sea-oil-trade/

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