The South Korean-flagged MT Hankuk Chemi, which was seized by Iran’s Revolutionary Guards in Gulf waters, January 4, 2021. (Reuters) February 4, 2021 The crew of a South Korean tanker seized by Iran are still on board the ship, Seoul said Thursday, despite Tehran announcing earlier this week it would release them in a humanitarian [...]
The Iranian oil tanker Fortune is anchored at the dock of El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020. (EPA-EFE) February 4, 2021 The United States has filed a lawsuit to seize a cargo of oil it says came from Iran rather than Iraq, as stated on the bill of lading, and contravenes [...]
A seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Gulf, Jan 4, 2021. (AP) January 30, 2021 A move by South Korea towards releasing $7 billion in frozen Iranian funds may help spur Iran’s judiciary to resolve the seizure of a Korean ship being held for alleged environmental pollution, a [...]
Iranian-flagged MT Horse and Panamanian-flagged MT Frea, rear, tankers are seen anchored together in Pontianak waters off Borneo island, Indonesia, on Jan. 24, 2021. (AP) January 26, 2021 Indonesian authorities have detained the Iranian and Chinese crewmembers of two tankers that were seized for illegally transferring oil in Indonesian waters, an official said Tuesday. “The [...]
Iranian-flagged MT Horse and Panamanian-flagged MT Frea, rear, tankers are seen anchored together in Pontianak waters off Borneo island, Indonesia, on Jan. 24, 2021. (AP) January 25, 2021 Iran has asked Indonesia to provide details about the seizure of an Iranian-flagged vessel, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, a day after Jakarta [...]
Iran’s IRGC held a military exercise involving ballistic missiles and drones in the country’s central desert, state TV reported on Jan 15, 2021. (AP) January 16, 2021 Long-range missiles from Iran landed close to a commercial ship in the Indian Ocean and 100 miles from the Nimitz aircraft carrier strike group of the US Navy, [...]
Boxes of machinery used in Bitcoin "mining" operations that were confiscated by Iranian police in Nazarabad, undated. (AP) January 14, 2021 In coordination with a ‘military institution’ in Iran, the Chinese use Iran’s low-price electricity to extract bitcoin while many Iranians suffer from power outages. While power outages have swept many Iranian urban and rural [...]
A seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Gulf, Jan 4, 2021. (AP) January 11, 2021 Iran said on Sunday that South Korea should avoid politicising the seizure of its vessel by Iranian Revolutionary Guards in the Gulf, Iranian state media reported, while pressing Seoul to release $7 billion [...]
China has continued buying Iranian oil in defiance of the U.S. sanctions, providing Tehran’s struggling economy with a financial lifeline. (Getty) January 6, 2021 Iran has been unable to obtain tens of billions of dollars of its assets in foreign banks, mainly from exports of oil and gas, due to U.S. sanctions on its banking [...]
South Korea’s Vice Foreign Minister Choi Jong-kun is scheduled to visit Tehran on Sunday. (Shana) January 6, 2021 A South Korean delegation is heading to Iran on Wednesday to seek the release of a chemicals tanker and its 20-member crew seized in Gulf waters by Iranian forces, Yonhap news agency reported. Iran denied on Tuesday [...]
