Oil Seizure as Retaliation: Iran Captures $50 Million Cargo in Sanction Spat

In a dramatic escalation of tensions, Iranian authorities have officially confiscated an American oil cargo worth approximately $50 million from the tanker Advantage Sweet, a vessel seized last year in the Gulf of Oman. The tanker, carrying a cargo initially bound for Chevron, was intercepted by the Iranian navy, marking a further intensification in the…

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