Oil & Gas

US threatens sanctions after Gibraltar court releases Iranian tanker

The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who does business with the ship or its crew, two administration officials said.

Oil & Gas

Tanker with stranded Kurd oil goes back to Gibraltar from US

An oil tanker that hauled 1 million barrels of Kurdish crude to the US six months ago didn’t unload its cargo and is now making a return trip across the Atlantic Ocean with the shipment still on board. The United Kalavryta is heading to Gibraltar, the British territory on the southern tip of Spain, Kyriakos Maragoudakis, operations manager at Piraeus, Greece-based Marine Management Services M.C., the ship’s operator, said.