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The Shadow Fleet Is Sinking || Peter Zeihan

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  • The “aging shadow fleet” utilized by Russia and Iran for oil transport is experiencing its first major failure, with a vessel now sinking.
  • This incident involves a tanker carrying approximately 1 million barrels of crude oil, destined for India, which is currently leaking off the Omani coast.
  • The event underscores the growing unreliability and environmental hazards posed by the use of these poorly maintained vessels for global oil transport.