Iran has seized an oil tanker off the coast of Oman, increasing tension in the world's most important crude oil supply trade channel.
Iran's semi-official news agency Mehr reports that Iran's seizure of the “Saint Nicholas” was “in retaliation for the theft of oil by the United States.” The tanker, known as the Suez Rajan (Suez Rajan), was previously involved in a high-profile US sanctions dispute, which eventually led to the delivery of 1 million barrels of Iranian oil to the US.
Mehr said the ship was being transferred to an Iranian port for delivery to authorities.
The British Maritime Trade Operations Office said that four or five people wearing military uniforms and black masks boarded the ship. The “Saint Nicholas” tanker loaded about 1 million barrels of crude oil for Turkish oil company Tupras at the port of Basra in Iraq. It was originally sailing to Turkey via the Suez Canal.
According to ship tracking, the British Navy, and media reports, the “Saint Nicholas” tanker carrying Iraqi oil was boarded on its way out of the Persian Gulf to Turkey.
Oil prices once rose 2.3% in London. Since the tense situation began, crude oil prices have remained relatively stable since the supply of crude oil was not directly affected by tension in the region.