Market News and Commentary – Wall Street Underground

By Nick Guarino | July 5, 2019

Guards Commander Says Iran Should Seize UK Oil Tanker If Iranian Vessel Not Released

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DUBAI (Reuters) – Iran should seize a British oil tanker if an Iranian tanker detained off Gibraltar earlier this week is not released immediately, a senior Revolutionary Guards commander said in a tweet on Friday. British Royal Marines seized the supertanker Grace 1 on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.

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