‘To protect national interests’: Iran seizes oil tanker in Strait of Hormuz; claims ship was carrying ‘illegal consignment’

Iran on Saturday confirmed seizing a Marshall Islands–flagged oil tanker as the ship passed through the Strait of Hormuz, with the Islamic Revolutionary Guard Corps (IRGC) alleging the vessel was carrying an “illegal consignment.” A statement carried by the official IRNA news agency noted that “the tanker was taken to Iranian waters.” The IRGC added […]

What would happen to UAE and global energy markets if Iran closed the strait of Hormuz? | World News

Closing the Strait of Hormuz would block 21 million barrels of oil and 20% of global LNG exports daily, disrupting supplies from the UAE, Qatar, and other Gulf nations/ Image: (File) Tensions in the Middle East have once again spotlighted the Strait of Hormuz, a critical chokepoint in global energy supply. Amid rising friction between […]