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Giant tanker forced to back down as Iran successfully maintains control of Hormuz Strait

· 4 min read

Giant tanker forced to back down as Iran successfully maintains control of Hormuz Strait

TEHRAN - A 160,000-ton oil tanker sailing under a Barbados flag was forced to retreat from the Strait of Hormuz this week after attempting to challenge Iran's transit restrictions, in what the Islamic Revolution Guards Corps (IRGC) called a clear demonstration that Tehran's control over the strategic waterway remains absolute and uncontested.

Giant tanker forced to back down as Iran successfully maintains control of Hormuz Strait

Energy prices continue to surge as Hormuz Strait remains closed

· 3 min read

Energy prices continue to surge as Hormuz Strait remains closed

TEHRAN - Nearly two weeks after the joint U.S. and Israeli military campaign against Iran, global energy markets are entering a period of severe strain. Iran, facing direct attacks on its territory, has expanded security measures in the Strait of Hormuz — a step Tehran describes as a lawful response to foreign aggression and a necessary defense of its territorial waters.

Energy prices continue to surge as Hormuz Strait remains closed