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Thursday, January 26, 2023

Iran’s Seizure of Greek Tankers Adds Risk on Key Oil Route | Bloomberg

Must Read

Iran’s seizure of the Greek oil ship might threaten the global energy supply.

In the Persian Gulf, Iranian soldiers capture two Greek tankers carrying around one million barrels of oil. It seems to be retaliation for a vessel captured by Greece earlier this week: The event heightens the possibility of more interruptions to shipments from a crucial source of global energy supply. “Shippers will need to be more attentive,” said Starfuels trader and broker in Dubai, Matt Stanley. The Prudent Warrior has arrived at the Iranian port of Bandar Abbas with its whole crew and cargo intact.

More British, Saudi, and UAE-owned tankers have been attacked in and near the Strait of Hormuz in the last few years, while Iranian boats have been shot in the Red Sea. After an Iranian oil ship was stopped at Gibraltar, the Persian Gulf country kept a British vessel for more than two months in 2019.

Source: https://www.bloomberg.com/news/articles/2022-05-30/iran-s-seizure-of-greek-tankers-heightens-risk-on-key-oil-route

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