#UAE's state-owned (ENOC) won the tender to swap crude exported from #Iraq to #Lebanon for fuel compatible with Lebanese power plants. The first swap will replace 84,000 tons of 🇮🇶 crude with ~30,000 tons of heavy Grade B fuel oil & ~33,000 tons of gas oil.

The UK Maritime Trade Operations announced an hour ago "a non-piracy incident" underway off the coast of Fujairah. The 4 allegedly involved vessels are: -Maersk Messina -Asphalt Princess loaded with 56kb of asphalt -Front Crown loaded with 455kb of Basrah heavy -Golden Brilliant

Iranian journalist and scholar, @arash_tehran, joins @amir_richani & I for @ClipperData’s latest episode of our podcast Commodity Clipp in order to discuss developments in the #Iran’s presidential race, the Vienna talks & resumption of crude exports. open.spotify.com/episode/67U…

Media reports suggest that Suezmax Front Cruiser left empty from #Libya’s Marsa al-Hariga port due to striking security guards preventing it from loading. The vessel is the 1st to withdraw from the port without taking on a cargo since the strike began last month. #OOTT

🇱🇧🇱🇧 As we commemorate the 5-month anniversary of Beirut's Port explosion, I wrote this piece for @mypoliticstoday in an attempt to answer two questions: “Who are the perpetrators” and “why haven’t any big heads rolled”? 🧵🧵 politicstoday.org/the-beirut…

The BW Rhine left Jeddah's port a few days ago and is currently in the Arabian Sea possibly heading to the Fujeirah Lightering Zone. @ClipperData

Yet, a breakthrough faces many challenges that need to be overcome: -growing 🇮🇱🇪🇬🇬🇷 relations that #TelAviv wouldn't want to jeopardize -political rhetoric by 🇹🇷🇮🇱 leaders -dropping tools of "soft power," i.e. support of "Islamist" groups -⏳ Israeli elections in March 2021.

Turkish presidential adviser on foreign affairs, Mesut Casin's pitch to Israel involves the energy sector: "🇮🇱 discovered oil & gas. OK, 🇮🇱 is 8 million people. Where can they sell them? The biggest market is 🇹🇷, and 🇹🇷 will be via a pipeline, the corridor to the 🇪🇺 market."

🇹🇷🇮🇱 - the period of posturing is over: Relations between #Israel & #Turkey could be on the verge of a breakthrough, with a Turkish presidential adviser confirming bilateral talks and that full diplomatic relation could be restored by March. voanews.com/europe/turkey-po…

🇮🇶 @alrafidain_tv reporting that an Iranian tanker is sinking in Khor Abdallah, Iraqi int’l waters. We had noted @ClipperData that certain vessels are shuttling between Iraq’s Lightering Zone & Iran to deliver Iranian crude to Iraq’s LZ, & pass it onto other ships through STS.