What risks are involved in transporting oil by sea?

Transporting oil by sea poses several risks, including the potential for oil spills, which can cause significant environmental damage and harm marine life. There is also the risk of vessel collisions, grounding, and accidents due to adverse weather conditions, which can lead to catastrophic spills. Additionally, geopolitical tensions and piracy can threaten the safety and security of oil transport routes, increasing the risk of disruption and financial loss. Lastly, the aging infrastructure and equipment used in oil transportation can lead to increased chances of accidents and leaks.