Iran Conceals Oil Sales

Iran is pulling some stealthy moves to circumvent Western sanctions on its oil revenues. Tehran ordered the captains of its fleet of 39 oil tankers to disable their tracking devices, so that the ships are now all “off-radar,” a senior executive at the National Iranian Tanker Co. confirmed to Reuters. The country may also have cheated in reporting reduced oil sales in March by offering free freight and financial discounts that led to cheap, covert sales, effectively reversing reduction in shipments.