Tehran, Iran – The United States continues to rely on a mix of military force and economic sanctions against Iran, which has so far only prompted authorities in Tehran to consider more forceful responses. The US Central Command (CENTCOM) released video on Saturday showing three Iranian crude oil tankers being hit – one off Kharg…
The Justice Department is attempting to revive a centuries-old law to speed up efforts to claim Iranian oil tankers seized during the war with Iran, but maritime law experts say the plan could face hurdles. The top federal prosecutor in southern Texas confirmed last month that his office is involved in the effort to revive…
Oil tankers are increasingly coming under fire on several fronts as economic warfare is deployed as a weapon in the escalating conflicts in the Middle East and Europe. Iran has stepped up its attacks on tankers in and around the Strait of Hormuz this month as it tries to impose its control over the crucial…
The security situation in the Strait of Hormuz has returned to a “worse-case scenario” for oil tankers as Iran has repeatedly attacked ships over the past week, the CEO of a maritime risk services firm said. “We see the reduction of the volume of transits through the Strait of Hormuz and right now crews of…
The UAE accused Iran of a “brazen” attack on two tankers in the Strait of Hormuz on Monday, killing one and wounding eight, as Donald Trump said the US would impose a 20% charge as part of a new blockade on the waterway. The US president said they were hitting Iran “very hard” as strikes…
21m ago Oil prices inch back up amid attacks on ships in Strait of Hormuz The price of Brent crude oil, the international standard, rose about 2.5% on Tuesday to trade at $73.83 a barrel as Iran launched attacks on several vessels in the Strait of Hormuz. U.S. staple West Texas Intermediate crude was…
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The U.S. carried out operations Wednesday to seize two oil tankers linked to Venezuela — one in the North Atlantic and one in the Caribbean Sea, officials said. The U.S. European Command confirmed the seizure of the Marinera, a Venezuela-linked oil tanker formerly known as Bella-1. It said the vessel was seized for violations of U.S….
The U.S. imposed sanctions on three nephews of Venezuelan President Nicolás Maduro on Thursday, as well as half a dozen ships accused of carrying oil from the country, as President Trump looks to inflict further pressure on the South American nation. The new sanctions target Franqui Flores, Carlos Flores and Efrain Campo. Also included in…
