US Seizes Iran Linked Shadow Fleet Tanker in Indian Ocean Amid Trumps Strike Threats

The seizure of a sanctioned Iranian crude tanker in the Indian Ocean directly reduces available supply of Iranian oil in the global market, tightening crude availability for refiners, especially in Asia. The channel is supply_shortage and regulatory (sanctions enforcement). The impact is global but most acute for independent Chinese refiners (teapots) and other buyers of discounted Iranian crude. The affected product is Iranian crude oil (light/sour). Scarcity risk is medium as the shadow fleet is large but enforcement is increasing.