Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
The 2.1 million barrels of crude oil aboard a tanker pursued by the US has been sold to an unnamed buyer, an Iranian government spokesman has said.
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.
The United States has reportedly applied to seize an Iranian supertanker detained by the Royal Navy off Gibraltar last month.
Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East.
A senior official in Gibraltar has denied reports that an Iranian tanker seized near the British overseas territory is poised to be released.
Britain is to seek to put together a European-led maritime mission to protect ships sailing through the Strait of Hormuz following the seizure by Iran of a British-flagged tanker.
The head of Gibraltar’s government has met privately with Iranian officials in a bid to defuse tensions surrounding the seizure of an Iranian supertanker near the British overseas territory.
Iran's state TV is reporting that the country's paramilitary Revolutionary Guard forces have seized a foreign oil tanker accused of smuggling oil.
An oil tanker run by BP Plc is being kept inside the Persian Gulf in fear it could be seized by Iran in a tit-for-tat response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude.
British special forces seized a supertanker off Gibraltar carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country.
An oil tanker thought to be carrying Iranian oil to Syria has been detained by Royal Marines in Gibraltar.