U.S. Seizes Second Tanker Carrying Iranian Oil
Navy destroyers are also shadowing several other vessels that left from an Iranian port before the U. S. -imposed blockade began, a U.
Navy destroyers are also shadowing several other vessels that left from an Iranian port before the U. S. -imposed blockade began, a U.
It was the second such action this week, as the Trump administration ramps up pressure on Tehran.
Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
The United States has halted dollar shipments to Iraq’s cash-based economy in an effort to force the Baghdad government to distance itself from Iran. The money comes from Iraq’s oil revenues.
At a border crossing in Turkey, one Iranian woman said her friends struggled to afford food because there was no work to be found and strikes had forced factories to close.
Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran
As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
The container ship, the Touska, was sanctioned by the U. S. Treasury over links to Iranian weapons programs.
Prosecutors said that Shamim Mafi, a legal permanent resident of the United States, helped facilitate millions of dollars in arms transfers from Iran.
Maritime and military law experts say an expansion of the naval blockade announced last week raises legal and practical questions but has ample historical precedent.
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
Our business reporter Peter Eavis breaks down how American military ships have blocked Iranian-linked vessels from using the Strait of Hormuz as the U. S. encourages other vessels to make the passage.
Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
The U. S. blockade of the Strait of Hormuz appeared to be working on Wednesday, as marine trackers reported no Iran-linked ships entering or exiting the strait since the blockade began on Monday.
More than a dozen U. S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran.
A new pattern of deceptive activity by some vessels around the critical waterway suggests the new American blockade is changing how some ships linked to Iran are behaving.