🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Iran Tries to Seize British Tanker in Persian Gulf, CNN Says

Published 11/07/2019, 06:21
Updated 11/07/2019, 06:53
© Bloomberg. AT SEA, JAPAN - MARCH 14: Commanding Officer Conor O’Neill works inside the bridge of British Royal Navy's HMS Montrose frigate during a joint exercise with Japanese Maritime Self-Defense Force and U.S. Navy on March 14, 2019 on the Pacific Ocean near Tokyo, Japan. (Photo by Tomohiro Ohsumi/Getty Images)
BP
-

(Bloomberg) -- Iranian Islamic Revolutionary Guard Corps boats attempted to seize a British oil tanker in the Persian Gulf, CNN reported, amid heightened tensions in the region. Iran denied the report.

The British Heritage was crossing into the Strait of Hormuz area when the Iranian vessels approached it, demanding the tanker change course and stop in nearby Iranian territorial waters, CNN said, citing two U.S. officials. A U.S. aircraft was overhead and recorded footage of the episode, the network reported. The tanker, operated by BP (LON:BP) Plc, is able to haul some 1 million barrels of oil.

The ship was being escorted from the rear by a U.K. Navy frigate, the HMS Montrose, which trained deck guns on the Iranian vessels and warned them to back away -- which they did --according to CNN. The U.K.’s Sky News reported, citing an unidentified government spokesperson, the HMS Montrose was forced to "issue verbal warnings" to three Iranian vessels, which then turned away.

The Revolutionary Guards said there had been no confrontation with foreign ships, including from the U.K., in the past 24 hours, the semi-official Fars news reported. "If it receives an order to seize foreign ships, naval forces can act fast, with determination and without hesitation within the geographic scope of its mission," according to the news agency.

Scheduled to sail from Iraq to Europe, the British Heritage had been kept inside the Persian Gulf in recent days over concerns Iran could seize it in a tit-for-tat response to British Royal Marines’s arrest near Gilbraltar last week of a vessel hauling the Islamic Republic’s crude.

Earlier: BP Oil Tanker Shelters in Persian Gulf, Fearing Iran Seizure

The incident comes after Iran said it had already begun enriching uranium beyond the cap set in a landmark 2015 nuclear accord with world powers, increasing pressure on European nations who want it to stick with the multi-party deal that’s been shunned by the Trump administration.

There are six vessels operating in the Persian Gulf registered to Britain, or a British Overseas Territory, and five operating under the British flag. In total, they have the capacity to transport almost 9 million barrels of crude.

(Updates with Iranian denial.)

© Bloomberg. AT SEA, JAPAN - MARCH 14: Commanding Officer Conor O’Neill works inside the bridge of British Royal Navy's HMS Montrose frigate during a joint exercise with Japanese Maritime Self-Defense Force and U.S. Navy on March 14, 2019 on the Pacific Ocean near Tokyo, Japan. (Photo by Tomohiro Ohsumi/Getty Images)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.