Commodities May 12, 2026 08:36 PM

Vietnamese State Oil Trader Asks U.S. Navy to Let Blocked Supertanker Proceed to Refill Refinery

PVOIL warns Nghi Son refinery inventories are critically low after U.S. forces redirected 2 million-barrel tanker in Gulf waters

By Marcus Reed

The trading arm of Vietnam’s state-owned oil firm has appealed to U.S. military and diplomatic authorities to permit a Maltese-flagged supertanker carrying Iraqi Basra crude to continue to Vietnam, saying the cargo is vital to keep the Nghi Son refinery operating. The vessel was redirected by U.S. forces as part of enforcement of an expanded blockade on Iran, after transiting the Strait of Hormuz and sailing in the Gulf of Oman before reversing course, ship tracking data and official statements show.

Vietnamese State Oil Trader Asks U.S. Navy to Let Blocked Supertanker Proceed to Refill Refinery

Key Points

  • PVOIL asked U.S. military and diplomatic missions to let the Agio Fanourios I proceed because the cargo is critical to Nghi Son Refinery’s operations.
  • The Agio Fanourios I, a Maltese-flagged supertanker carrying 2 million barrels of crude, left the Strait of Hormuz on May 10, was in the Gulf of Oman and made a U-turn on May 11, according to MarineTraffic data.
  • U.S. Central Command said U.S. forces redirected the vessel as part of enforcement of an expanded blockade on Iran; PVOIL confirmed the cargo was Iraqi Basra crude loaded between April 10 and April 14 and sold by SOMO.

SINGAPORE - Vietnam’s state oil trading arm has formally requested that U.S. naval authorities allow a crude tanker bound for a Vietnamese refinery to pass through an expanded U.S. blockade in Gulf waters, according to a letter and ship tracking records.

The Maltese-flagged Agio Fanourios I, described in tracking data as a supertanker carrying 2 million barrels of crude oil, sailed out of the Strait of Hormuz on May 10 and was recorded in the Gulf of Oman before executing a U-turn on May 11, according to MarineTraffic ship movements data.

In a May 12 letter seen by Reuters, Petrovietnam Oil Corporation (PVOIL) Vice President Hoang Dinh Tung wrote to U.S. military and diplomatic missions that the cargo was essential to Nghi Son Refinery (NSRP) and to the Socialist Republic of Vietnam. The letter said in part: "This cargo is of extreme importance to Nghi Son Refinery (NSRP), to the Socialist Republic of Vietnam and to the Vietnamese people."

PVOIL warned that the refinery's feedstock inventories were at critically low levels and cautioned that any further delay could halt refinery throughput, producing "cascading consequences for millions of Vietnamese consumers, businesses, public services and industries."

The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, while saying that other oil exports from the Gulf remain free to transit, according to official U.S. statements cited in reporting. In response to a Reuters query about the tanker, the U.S. military’s Central Command said: "U.S. forces redirected the vessel as part of ongoing enforcement of the blockade against Iran." The statement did not make clear whether the Navy would ultimately permit the vessel to proceed to Vietnam as requested.

PVOIL said it "unequivocally" confirmed the Agio Fanourios I loaded Iraqi Basra crude sold by Iraq’s state oil company SOMO after the tanker was loaded between April 10 and April 14.

Tracking information showed the Agio Fanourios I had sailed through the Strait of Hormuz on Sunday using the route designated by Iran for tankers, a detail reported by Iran's semi-official Tasnim news agency. The diversion by U.S. forces occurred after that transit.

The reporting notes a broader disruption tied to the conflict: the U.S.-Israeli war on Iran has prompted the closure of the Strait of Hormuz, leaving hundreds of ships stranded and disrupting global energy supplies that move through the waterway, which channels about 20% of the world’s energy supplies.


Logistics perspective: The redirected transit of a fully laden 2 million-barrel tanker highlights an acute intersection of naval enforcement, maritime routing and refinery feedstock planning. For the Nghi Son refinery, the immediate effect is a potential interruption to throughput if resupply is delayed. For shipping lines and charterers, the incident underscores navigational risk in the region and the operational consequences when military enforcement affects commercial voyages.

Risks

  • Potential shutdown of Nghi Son Refinery if feedstock deliveries are delayed, affecting downstream fuel availability and industrial demand in Vietnam - impacts refining and domestic fuel supply chains.
  • Operational disruption and increased navigation risk for commercial tankers operating near the Strait of Hormuz and in the Gulf of Oman due to expanded military enforcement - impacts shipping and chartering sectors.
  • Wider energy market disruptions from closures and blockades in the Strait of Hormuz, a route carrying about 20% of global energy supplies, that could affect global oil flows and market stability - impacts energy markets and downstream industrial users.

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