finance
Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade
A Suezmax tanker delivered Iranian crude to the Bataan refinery in mid-May after a ship-to-ship transfer near Singapore. The shipment marks the first Iranian oil cargo received by the Philippines since the Strait of Hormuz disruption began.
May 29, 11:30 AM·1m read1 source
manilatimes.netAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The Philippines received its first cargo of Iranian crude in mid-May, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel that left Iran's Kharg Island in late March transferred up to one million barrels of crude offshore Singapore. A second tanker then delivered the oil to the Bataan refinery.
The delivery follows a March 20 general license issued by the Treasury Department's Office of Foreign Assets Control that authorized imports of Iranian crude loaded on vessels by April 19. Southeast Asian economies including the Philippines, Indonesia, Malaysia, and Vietnam experienced fuel shortages after the blocked Strait of Hormuz cut off most Middle East crude and fuel supplies.
The Philippines is listed among the Asian countries most affected by the supply disruption.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
