The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran's oil sector for supporting the Quds Force
British special forces stormed a Greek-operated oil tanker in the English channel on Sunday to wrestle control of the vessel from seven stowaways who had threatened the crew in a suspected hijacking.Troops from the Special Boat Service, a navy special forces unit whose headquarters in just a few miles away from where the vessel began showing signs of distress
The first of a group of three tankers carrying Iranian fuel for gasoline-starved Venezuela entered the waters of the South American nation on Monday, according to Refinitiv Eikon data, in the most recent sign of the countries' expanding trade.The two OPEC members have increased cooperation this year by exchanging crude, fuel, food, equipment for refineries and other industrial goods.
Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).
The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.
U.S. prosecutors late on Wednesday filed a lawsuit to seize the gasoline aboard four tankers that Iran is shipping to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two U.S. foes.The government of Venezuelan Socialist President Nicolas Maduro has flaunted the tankers, which departed last month, to show it remains unbowed by U.S. pressure.
The Iranian navy will maintain regular missions in the Gulf, the ISNA news agency reported on Wednesday, a day after the United States warned mariners there to stay away from U.S. warships.“The naval units of the Islamic Republic of Iran in the Persian Gulf and the Gulf of Oman will continue their regular missions in accordance with professional principles as in the past
In an alert that appeared aimed squarely at Iran, the U.S. Navy issued a warning on Tuesday to mariners in the Gulf to stay 100 meters away from U.S. warships or risk being “interpreted as a threat and subject to lawful defensive measures.”The notice to mariners, which was first reported by Reuters, follows U.S.
Iran will destroy U.S. warships if its security is threatened in the Gulf, the head of Iran's elite Revolutionary Guards told state TV on Thursday, a day after U.S. President Donald Trump warned Tehran over "harassment" of U.S. vessels."I have ordered our naval forces to destroy any American terrorist force in the Persian Gulf that threatens security of Iran's military or non-military ships
President Donald Trump said on Wednesday he had instructed the U.S. Navy to fire on any Iranian ships that harass it at sea, a week after 11 vessels from Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) came dangerously close to U.S. ships in the Gulf.Close interactions with Iranian military vessels were not uncommon in 2016 and 2017. On several occasions, U.S.
Eleven vessels from Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) came dangerously close to U.S. Navy and Coast Guard ships in the Gulf, the U.S. military said on Wednesday, calling the moves “dangerous and provocative.”While such interactions had occurred occasionally a few years ago, they had stopped, and this incident comes at a time of increased tensions between the two countries.
A Hong Kong-flagged tanker was briefly detained in Iran before being freed after armed Iranian guards in speedboats directed the vessel into its waters while it was sailing through the Gulf of Oman, maritime security sources said on Wednesday.The sources said the SC Taipei chemical tanker had been sailing in international waters on Tuesday when it was stopped.