![]() ![]() While we are still a long way from any resolution on the whole nuclear issue, at least both sides in the dispute are now engaging in talks, albeit at a very preliminary level. Much to everyone s surprise Iran has offered an olive branch to the West following the election of Hassan Rouhani in June. ![]() According to the latest weekly report from London-based shipbroker Gibson, the consequences of such an event for the VLCC tanker market could be "catastrophic" : SEA BAY IMO, 2009/60193gt, out from Melbourne off Sorrento Photo : Andrew Mackinnon Gibson noted the "assumption that a change of President in Iran would bring little change in their stance on their nuclear programme and that normal hostile relations would continue, now appears to be unfounded. 3 VLCC tanker market to face"catastrophic" consequences in the event of a return of Iran's oil to the international market Things are moving again in the Iranian oil issue and this time, events are unfolding towards the opposite direction, that of the return of the country's resources to the international market. ![]()
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