Iranian-Flagged Ship Seized by U.S. Forces Was Under Sanctions
The container ship, the Touska, was sanctioned by the U. S. Treasury over links to Iranian weapons programs.
The container ship, the Touska, was sanctioned by the U. S. Treasury over links to Iranian weapons programs.
Prosecutors said that Shamim Mafi, a legal permanent resident of the United States, helped facilitate millions of dollars in arms transfers from Iran.
Maritime and military law experts say an expansion of the naval blockade announced last week raises legal and practical questions but has ample historical precedent.
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
Our business reporter Peter Eavis breaks down how American military ships have blocked Iranian-linked vessels from using the Strait of Hormuz as the U. S. encourages other vessels to make the passage.
Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
The U. S. blockade of the Strait of Hormuz appeared to be working on Wednesday, as marine trackers reported no Iran-linked ships entering or exiting the strait since the blockade began on Monday.
More than a dozen U. S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran.
A new pattern of deceptive activity by some vessels around the critical waterway suggests the new American blockade is changing how some ships linked to Iran are behaving.
The surge in revenue provided a critical lifeline for Moscow, which has struggled to fund the war in Ukraine amid record-high deficits.
Ship-tracking data showed that several vessels, including some that had been docked at Iranian ports, had moved through the strait as the U. S. military began its blockade.
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
The war in Iran has once again exposed Europe’s energy vulnerability. A friendly source at home would seem to be ideal. But it’s not that easy.
European countries declined to take part in the action, which is designed to pressure Iran into making concessions by cutting off its oil income.
The vessels exited the Strait of Hormuz on Monday, hours before a U. S. naval blockade took effect.
The United States said it would begin blocking vessels doing business with Iran. Details on how that would work are unclear.
A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea.
President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.