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Crude oil futures gain on rising geopolitical tensions; Libya

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Singapore — Crude oil futures kicked off the week on a stronger note in mid-morning trade in Asia Monday, buoyed by renewed supply concerns on mounting geopolitical tensions in the Middle East, after Iran seized a UK chemical tanker and briefly detained a UK-owned VLCC in the Strait of Hormuz Friday. Not registered? Receive daily Read More

Panama cites ‘deliberate violations’ as it disowns UAE-based tanker seized by Iran

23 hours ago DieselGasoil Comments Off on Panama cites ‘deliberate violations’ as it disowns UAE-based tanker seized by Iran
The plot has thickened around the disappearance of the oil tanker MT Riah, towed to Iranian shores last week, with Panama saying it is revoking the ship’s registration over violation of international rules. Panama’s Maritime Authority on Saturday announced that it initiated the process of withdrawing its flag from the Emirati-based tanker Riah, that vanished Read More

Twitter mutes 3 Iranian news agencies after British tanker seizure

1 day ago DieselGasoil Comments Off on Twitter mutes 3 Iranian news agencies after British tanker seizure
Farsi accounts of three Iranian news agencies have been suspended on Twitter since Friday, shortly after they reported the capture of a UK-flagged tanker in the Strait of Hormuz. Twitter says the events are unrelated, though. Two Farsi-language Twitter pages of the Mehr news agency, as well as pages belonging to the Young Journalists Club Read More

France and Germany stand by UK over ‘massive’ Iran crisis

2 days ago DieselGasoil Comments Off on France and Germany stand by UK over ‘massive’ Iran crisis
The French foreign ministry has called on Iran to quickly release a British-flagged oil tanker it detained on Friday afternoon. The Stena Impero and its 23 crew members were approached by unidentified small crafts and a helicopter as it passed through the Strait of Hormuz on Friday at around 4pm UK time, according to the Read More

Seized UK-flagged tanker involved in ‘accident’ with Iranian fishing boat, probe launched – Tehran

2 days ago DieselGasoil Comments Off on Seized UK-flagged tanker involved in ‘accident’ with Iranian fishing boat, probe launched – Tehran
The UK-flagged tanker was entangled in an “accident” with an Iranian fishing boat in the Strait of Hormuz before it was seized by the IRGC, an Iranian official said. Its crew remains on board as a probe was launched by Tehran. The British-flagged vessel Stena Impero was seized by the Islamic Revolutionary Guard Corps (IRGC) Read More

Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker

2 days ago DieselGasoil Comments Off on Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker
Jeremy Hunt has warned Iran will face “serious consequences” if it does not release a British-flagged oil tanker which was detained in the Strait of Hormuz. The foreign secretary attended a meeting of the government’s emergency committee Cobra on Friday night amid escalating tensions in the region. Following the talks, a government spokesperson said Iran’s Read More

Seized UK-flagged tanker involved in ‘incident’ with Iranian fishing boat, probe launched – Tehran

2 days ago DieselGasoil Comments Off on Seized UK-flagged tanker involved in ‘incident’ with Iranian fishing boat, probe launched – Tehran
Published time: 20 Jul, 2019 05:57 Follow RT on The UK-flagged oil tanker was involved in an “incident” with an Iranian fishing boat in the Strait of Hormuz before it was seized by the IRGC, an Iranian official said. Its crew remains on board as a probe was launched by Tehran. The vessel Stena Impero Read More

Tanker crisis reflects UK’s self-inflicted act of national vandalism

2 days ago DieselGasoil Comments Off on Tanker crisis reflects UK’s self-inflicted act of national vandalism
By Deborah Haynes, foreign affairs editor The seizure of a British-flagged tanker by Iran was an accident waiting to happen. Not only does the move further expose Britain’s limitations in defending its interests after decades of cuts to the military, it also underlines the lack of a coherent strategy to deal with the crisis in Read More

Iran warned of ‘serious consequences’ over seizure of UK oil tankers

2 days ago DieselGasoil Comments Off on Iran warned of ‘serious consequences’ over seizure of UK oil tankers
Government ministers are “deeply concerned” about the seizure of two ships by Iranian authorities in the Gulf. Foreign Secretary Jeremy Hunt has warned Iran will face “serious consequences” if it does not release a British-flagged tanker which was taken in the Strait of Hormuz. The foreign secretary attended a meeting of the government’s emergency committee Read More