Iran Fails To Sell Its Oil Rebranded As Asian Crude To EU

Iran has failed to sell a cargo of 700,000 barrels of its rebranded oil as Asian crude to Croatia, bringing back the full tanker to Malaysia again this week. The Panama-flagged tanker, Arc 1, with Iranian oil now is in Malaysian Pengerang port, according to the latest satellite photos. United Against Nuclear Iran (UANI) for first time reported in May that Arc 1, registered in the name of a Marshall Islands shell company, Silver Coast, has been carrying Iranian oil to Croatia. UANI had attached satellite photos to show that Arc 1 had loaded Iranian crude on April 2 through a ship-to-ship transfer from another tanker, the Vigor, off Malaysia.