Iran on July 19, 2019, said it seized a British oil tanker and its crew amid reports it diverted a second tanker toward Iran within hours of the seizure in a clear message to the UK and the US that it’s willing to get aggressive in a feud over oil …
Five Iranian gunboats failed in an attempt to seize a British oil tanker in the Persian Gulf on July 10, 2019, according to US officials cited in a CNN
The US is accusing Iran of carrying out attacks on two tankers just outside the Strait of Hormuz, a critical waterway through which more than 30% of the world’s seaborne crude oil passes, and the US Navy has reportedly discovered an unexploded mine…
Oil prices were driven higher for the third consecutive day on July 26, 2018, after Saudi Arabia closed a strategic shipping lane in the Red Sea following an attack on two of its large oil-tankers by Iranian backed Houthi fighters.
Brent crude…