The US Navy said on Wednesday (May 3) that Iran has seized a second oil tanker in a week in Gulf waters. This is being seen as latest escalation in a series of seizures/attacks on commercial vessels in these waters since 2019.
Iran has seized a second oil tanker in a week on Wednesday in Gulf waters, the U.S. Navy said, the latest escalation in a series of seizures or attacks on…
About a fifth of the world's crude oil and oil products passes through the Strait of Hormuz, a narrow choke point between Iran and Oman, according to data from analytics firm Vortexa.
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