Iran seizes oil tanker associated in U.S. dispute off coastline of Oman

Iran seizes oil tanker associated in U.S. dispute off coastline of Oman


Aerial look at of a tanker.

Bugto | Minute | Getty Images

Iran on Thursday captured an oil tanker earlier associated in a Washington-Tehran dispute above carrying U.S.-sanctioned crude, Iranian condition media mentioned.

The Iranian navy seized the vessel St. Nikolas in the Gulf of Oman, the point out-run Islamic Republic News Agency said in a Google-translated report, following it surrendered Iranian crude to U.S. authorities subsequent allegations of sanctions violations. Iran suggests this forfeiture was truly theft.

Previously Thursday, the U.K. Marine Trade Operations mentioned an unnamed tanker was boarded by armed people today close to the Gulf of Oman and appeared to improve program towards Iranian waters.

The UKMTO documented on social media that an unnamed ship was boarded by 4 or 5 unauthorized men and women early Thursday at 50 nautical miles east of Sohar, Oman. Communication with the vessel was misplaced, and the ship altered class toward Iranian waters, the U.K. company mentioned.

TankerTrackers.com discovered the vessel as the St. Nikolas, previously recognised as the Suez Rajan.

A media spokesperson for Empire Navigation, which manages the St. Nikolas, explained to CNBC that the vessel was en route to the Turkish port Aliaga right after loading crude from the Iraqi Basrah Oil Terminal and was staffed by 18 Philippine and one particular Greek crew associates.

The St. Nikolas has formerly been associated in a dispute among Iran and the U.S.

In Oct, Empire Navigation claimed it had solved a violation of U.S. sanctions with the U.S. Section of Justice, which decided that the vessel, then known as Suez Rajan, loaded sanctioned Iranian oil involving January and February 2022 via a ship-to-ship transfer in the vicinity of Singapore. As part of the fallout, Empire Navigation transported the sanctioned cargo to Houston, where by it could be forfeited to the DOJ.

Thursday’s incident is the newest in a collection of Crimson Sea assaults, with Yemen’s Iran-backed Houthi movement concentrating on professional vessels and compounding the maritime risk of a significant-targeted traffic trade route. The Houthis say they are carrying out their activity in retaliation for Israel’s war in the Gaza Strip.

Tensions in between Washington and Tehran have intensified in the wake of the Israel-Hamas conflict, with U.S. President Joe Biden warning Iran to “be careful” more than any potential interference. Tehran has celebrated Hamas’ terror assault on long-standing rival Israel, but has denied involvement in the situations of Oct. 7.

Oil selling prices are delicate to turmoil in Middle East seas due to the fact of the possibility of offer bottlenecks. The ICE Brent futures contract with March expiry was up $.1.23 per barrel to $78.03 per barrel at 14:00 London time Thursday, although the Nymex WTI deal with February shipping and delivery was higher by $1.25 for each barrel to $72.62 for each barrel.

Don’t skip these stories from CNBC Pro:





Source

Adopt this simple sleep habit if you’re tired of rushing, says time management expert: It’s ‘the least sexy, but the most impactful’
World

Adopt this simple sleep habit if you’re tired of rushing, says time management expert: It’s ‘the least sexy, but the most impactful’

Most people have a relatively consistent wakeup time. Fewer have a set bedtime, which could be the reason you feel lacking in free time during the day, says author and time management expert Laura Vanderkam. The logic works like this: Without consistent sleep habits, most people can be generally productive but struggle to stay consistently […]

Read More
The ‘Magnificent Seven’ drove the stock market to record highs in recent years. Is the trade over?
World

The ‘Magnificent Seven’ drove the stock market to record highs in recent years. Is the trade over?

The “Magnificent Seven” that propelled the broader market to record heights in recent years has been flipped on its head this year. All but two stocks in the group are in the red to start 2026, with Microsoft down nearly 18% and Tesla and Amazon each shedding more than 8%. Google-parent Alphabet , crowned one […]

Read More
India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC
World

India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC

US President Donald Trump (R) and India’s Prime Minister Narendra Modi arrive for a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo by Prakash SINGH / AFP) (Photo by PRAKASH SINGH/AFP via Getty Images) Prakash Singh | Afp | Getty Images India’s trade negotiators will reschedule their planned visit […]

Read More