Strait of Hormuz

Iran Seizes Another Ship, Accuses Crew of Fuel Smuggling

Iran’s Islamic Revolutionary Guard Corps (IRGC) announced through state media on Monday that it has seized another ship near the strategically vital Strait of Hormuz. The IRGC accused the crew of smuggling diesel fuel to the United Arab Emirates (UAE).

Iran says to stick to nuclear deal for $15 bn oil credit

Iranian State TV Broadcasts Images of Alleged Captured Oil Tanker

After a week of insisting it merely assisted a vessel in distress by bringing it to a safe harbor, Iran on Thursday admitted its Islamic Revolutionary Guard Corps (IRGC) – designated a foreign terrorist organization by the United States – seized a foreign oil tanker and took its crew prisoner.

Iranian Revolutionary Guard speedboats cruise past an oil tanker off the port of Bandar Abbas, southern Iran, on July 2, 2012. Iran has come up with several methods to foil the European insurance embargo on ships loaded with its crude, a sanction which may harm its vital exports as much …