New footage aired by Iran’s state television on Friday revealed Iranian navy commandos boarding a U.S.-bound oil tanker in the Gulf of Oman.
The U.S. Navy confirmed that Iran seized the Marshall Islands-flagged vessel, Advantage Sweet, in international waters within the Gulf of Oman last Thursday. This incident marks the latest in a series of seizures and attacks by Iranian forces on commercial vessels navigating the sensitive Gulf waters.
Iran’s military claimed that the Advantage Sweet had collided with an Iranian boat, causing injuries to several crew members.
The Advantage Sweet, a Suezmax crude tanker, had been chartered by oil giant Chevron. AIS data from MarineTraffic.com indicated that the vessel was en route from Kuwait to Houston, Texas, at the time of the seizure.
Spot rates across all the major east-west deepsea trades continued their downward descent this week, although it has become increasingly clear that widespread blanked sailings on the transpacific trade managed to stave off a complete crash.
The Mediterranean Sea has become the world’s fifth Emission Control Area (ECA) for sulphur oxides starting May 1, 2025. This landmark regulation, adopted by the International Maritime Organization (IMO), will...
Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.
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