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U.S. threatens sanctions over Iran tanker after court ruling

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

U.S. DOJ seeks to seize Iranian tanker held in Gibraltar

The U.S. Department of Justice is seeking to seize supertanker Grace 1, arrested last month in Gibraltar on suspicion of hauling Iranian crude oil to Syria in violation of European sanctions.

Iran expects tanker held by UK to be released soon

Iran expects an oil tanker seized by the UK 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.

UK to Join U.S. in coalition to protect ships in Persian Gulf

The UK is “spearheading” an international mission to protect shipping in the Persian Gulf, which will see the Royal Navy work with the U.S. to protect vessels amid an ongoing confrontation with Iran.

Oil tankers perform vanishing act in Hormuz as tensions escalate

Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important -- and lately most dangerous -- energy chokepoint: vanish from global tracking systems.

Stena concerned about welfare of crew on tanker detained by Iran

The owner of a British tanker seized by Iran in the Strait of Hormuz earlier this month raised concerns about the safety of the crew still on board.

Oman talks to Iran, other parties to restore stability to Strait of Hormuz

Omani officials are in talks with ‘all parties’ to restore stability to the Strait of Hormuz after recent threats to oil tankers and the freedom of navigation, Foreign Minister Yousef Bin Alawi said after discussions with Iranian officials in Tehran.

China still taking Iran oil, weeks after U.S. sanctions toughen

Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 bpd.

Saudi Aramco to reduce reliance on Hormuz with pipeline expansion

Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, increasing Red Sea shipments and avoiding the tense Strait of Hormuz.

European allies spurn U.S. effort to protect ships from Iran

Rather than signing on to the Trump administration’s “Operation Sentinel,” those countries want to establish a European maritime security initiative nearly identical to -- but separate from -- the American project.

U.S. sanctions China state oil trader for Iran crude deal

The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers.

Europeans plan naval mission to ensure safe passage in Persian Gulf

European governments will assemble a naval mission to provide safe passage for ships through the Persian Gulf, after Iran seized a British oil tanker, an act that U.K. Foreign Secretary Jeremy Hunt described as “state piracy.”

Iranian oil stacking up in Chinese ports adds to market uncertainty

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.

Iran seizes UK tanker as tensions soar

Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints.

Oil pares steep weekly loss as U.S. says it downed Iranian drone

Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted.

Iran says it seized ship for smuggling, stoking tensions

Iran said it seized a foreign ship that was smuggling fuel in the Persian Gulf, an act that threatens to heighten already tense relations in the world’s biggest oil-exporting region.

EIA: Iran drove unplanned OPEC production outage to highest levels since 2015

EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015.

Iran confirms it seized fuel tanker in the Persian Gulf

Oil extended gains after Iran confirmed it had seized an oil tanker in the Persian Gulf earlier this week.

Oil extends loss as U.S. and Iran signal return to negotiations

Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming operations after a storm.

Oil and gas in the capitals

Dr. Anas Alhajji, Contributing Editor

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