Two Greek tankers seized in Persian Gulf

Two Greek tankers were taken over by the Islamic Revolutionary Guard Corps in the Persian Gulf over alleged violations on Friday, IRGC news website Sepah News said in a statement without further details.

None Ford beats Tesla to the Punch With First Electric F 150 Delivery

Markets Wrapped No Stocks Poised for Best Week Since November 2020: Stocks Wrapped

The seizures came after Tehran said an Iranian-flagged vessel carrying oil was detained off Greek shores and had its cargo confiscated in coordination with the US authorities.

Oil trade is essential to the ability of tankers to move freely through the Persian Gulf. In 2018, tankers hauled 20.7 million barrels of crude a day, or a third of world trade through the Strait of Hormuz, according to the Energy Information Administration. The region is also crucial for liquefied natural gas, with more than a quarter of the world's supply coming from Qatar annually, according to the EIA.

One of the captured ships was Delta Poseidon, which was sailing in international waters 22 nautical miles off Iran s coast, Greece s foreign ministry said. It said that armed men also captured the ship's crew, including two Greek citizens.

Delta Poseidon is a Suezmax ship that has the capacity to carry more than 1 million barrels of crude. The ship was approaching waters off Basrah, Iraq this week to load its cargo, according to ship tracking data compiled by Bloomberg. After loading supplies Thursday, it signaled its next port of call by Agioi Theodoroi, Greece, and was expected to reach its destination on June 10, according to the data show.

The ministry said that Greek authorities had made a strong protest to the Iranian ambassador in Athens after he was reported to have occurred on another Greek-flagged ship off the Iranian coast.

None of The Tech Rout Isn't Just Cyclical — It is Well-Earned and Overdue.

The New Prediction Market Lets Investors Bet Big on Almost Anything If They Only Bet Big on Almost Anything

Mark Zuckerberg Is Blowing Up Instagram to Try and Catch TikTok!

None A Startup Wants to Rescue You From Browser Tab Hell