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20 October 2026

US moves to legitimise shadow tanker fleet

Downunder Voices Newsroom

Source reporting: Splash247

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US moves to legitimise shadow tanker fleet

The Trump administration is authorising the sale of sanctioned oil tankers to approved investors who would refurbish the vessels and return them to legitimate crude trades, US energy secretary Chris Wright revealed yesterday, as Washington scrambles to contain soaring freight costs amid the Hormuz crisis. Speaking at a Citadel Securities event in New York, Wright …

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