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.
The Panama Canal is launching of a dedicated transit reservation system designed specifically for low-emission vessels. The “NetZero Slot” initiative will reserve weekly transit capacity exclusively for ships meeting stringent...
Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support cushions China's slowdown, the OECD said on Tuesday.
X-Press Feeders, the former operator of the containership X-Press Pearl that caught fire and sank off Sri Lanka’s coast in 2021, has announced it cannot comply with the Sri Lankan...
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