By Tyler Durden | 10 May 2019
ZERO HEDGE — At a moment the Persian Gulf is heating up given the highest tensions and exchange of threats in years between the US and Iran, Tehran is running the high risk gambit of restarting its crude transfers to Syria.
A new CNBC report finds, “Tanker-tracking firms believe Iran is once again shipping crude oil to Syria, resuming the illicit trade as tensions with Washington rise and the Islamic Republic faces increasing international isolation.” Specifically a one million barrel delivery was reportedly made through the Syrian port of Baniyas in early May, the first since the end of 2018, according to TankerTrackers.com and ClipperData.
Washington has in recent months ramped up targeted sanctions against Syrian oil imports, causing the worse fuel crisis in Syria’s modern history, resulting in a “lifeless” and “decimated economy” with cars lined up for miles, sometimes waiting for days for a simple gas fill-up, as one Bloomberg on the ground report recently described. […]