Iranian Forces Seize Two U.K.-Linked Tankers as Tensions Soar

By Golnar Motevalli, Nick Wadhams and Tim Ross (Bloomberg) --Iran’s Revolutionary Guard Corps seized a British oil tanker and a Liberian-flagged ship in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. U.K. officials demanded the immediate release of the vessels, one of which later left Iranian waters. Brent futures climbed as … [Read more...]

Trump Will Work With U.K. On Stena Impero Response

by Josh Wingrove (Bloomberg) President Donald Trump said he will work with the U.K. government on a response to Iran’s seizure of a British oil tanker in the Strait of Hormuz. “We have a very close alliance with the U.K.,” Trump said at the White House on Friday as he departed for his golf resort in Bedminster, New Jersey. “I will be working with the U.K.” Iran’s … [Read more...]

Oil Jumps as Tanker Seizure Escalates Tensions With Iran

By Harkiran Dhillon (Bloomberg) Oil climbed after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint. London-traded Brent futures climbed almost 1% while the U.S. benchmark also rose. The seizure of the tanker is the second Iranian move against a U.K. ship in just over a week. … [Read more...]

Stena Impero: Britain Calls Emergency National Security Meeting

LONDON, July 19 (Reuters) - Britain said Iran's seizure of a British-flagged vessel and a Liberian-flagged vessel in the Strait of Hormuz was unacceptable and called for freedom of navigation in the Gulf. "I'm extremely concerned by the seizure of two vessels by Iranian authorities in the Strait of Hormuz," Foreign Secretary Jeremy Hunt said. "I will shortly attend a COBR … [Read more...]

Stena Confirms Strait Of Hormuz Incident

Stena Bulk has issued the following statement about M/V Stena Impero, the British-flagged oil tanker that Iran claims to have siezed. Stena Bulk and Northern Marine Management can confirm that at approximately 1600 BST on 19th July UK registered vessel Stena Impero (built 2018, 49,683 DWT) was approached by unidentified small crafts and a helicopter during transit of the … [Read more...]