Oil Prices, Fears Rise After Iran State TV Reports It Seized Foreign Oil Tanker Accused Of Smuggling
Added 07-18-19 12:16:02pm EST - “Oil prices and fears about Iran's ability to disrupt trade are up after Iranian state television reported Thursday a paramilitary group seized a foreign tanker.” - Dailycaller.com
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Oil prices and fears about Iran’s ability to disrupt trade are up after Iranian state television reported the country’s Revolutionary Guard Corps seized a foreign tanker it accused of smuggling oil.
Iranian state media did not identify the tanker, but the news coincides with the disappearance of a United Arab Emirates-based tanker that went dark in Iranian territorial waters over the weekend, reported The Associated Press.
Iran state television said the oil tanker had 12 crew members on board and accused the ship of carrying over 260,000 gallons of fuel for Iranian smugglers. The tanker was reportedly seized in the strategic Strait of Hormuz. (RELATED: Iran Confirms It’s Detained French-Iranian Author Since June. This Could Be A Big Deal For Negotiations)
An Emirati official said the oil tanker in question, the MT Riah, made no distress call before turning off its tracker, reported the AP. A U.S. defense official said before Iranian state media’s announcement that the U.S. suspected Iran had the MT Riah when the tracker switched off.
Cargo ships sail in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic republic’s navy and has a strategic position on the Strait of Hormuz, on April 29, 2019. (ATTA KENARE/AFP/Getty Images)
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