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Oil prices and fears about Iran’s ability to disrupt trade are up after Iranian state television reported the country’s Revolutionary Guard Corps seized a foreign tanker it accused of smuggling oil.
Iranian state media did not identify the tanker, but the news coincides with the disappearance of a United Arab Emirates-based tanker that went dark in Iranian territorial waters over the weekend, reported The Associated Press.
Iran - State - Television - Oil - Tanker
Iran state television said the oil tanker had 12 crew members on board and accused the ship of carrying over 260,000 gallons of fuel for Iranian smugglers. The tanker was reportedly seized in the strategic Strait of Hormuz.
An Emirati official said the oil tanker in question, the MT Riah, made no distress call before turning off its tracker, reported the AP. A U.S....
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