Saudi-Bahrain Ban Iranian Ship Entry

Tensions could be boiling between Tehran (Iran) and Riyadh (Saudi Arabia) after Bahrain and Saudi Arabia banned Iranian-flagged ships from entering their waters, according to Reuters Africa.

It was previously reported that Iran had global sanctions against it lifted recently under a nuclear deal.

The nuclear deal detailed that non-US citizens and companies would be able to trade with Iranian government entities.

Technical Paper: Iranian Ports in the Post-Sanction Era

The deal was also anticipated to create a boom in the energy-oil sector, particularly if the country is able to attract US$30 billion of foreign investment to produce oil.

However, Iran has still been struggling to boost oil exports.

Despite these difficulties, a ban on Iranian ships in those ports is unlikely to affect international trade, despite being a stumbling block for Iran.

Contrary to reports, Norwegian ship insurer Gard recently stated: “There is currently no such restriction in Saudi Arabia.”

Although Ship insurer West of England reported: “An entered vessel has since been denied entry to Bahrain after visiting an Iranian port two port calls earlier, resulting in the fixture being cancelled.”