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Iran’s best weapon in the new tanker wars against the US and UK is looking more and more like a dud

US Energy Secretary Rick Perry said Iran couldn't raise oil prices that much, even if it was able to shut down a key passage for oil tankers.
The Stena Impero, a British-flagged vessel owned by Stena Bulk

‘If you obey, you will be safe.’ Iran released dramatic video of its forces seizing a British tanker and the crew it interrogated

The crew of Britain's Stena Impero is safe and in good health, Iran insists, but the company has been unable to contact them.
U.S. President Trump participates in Apollo 11 50th anniversary event at the White House in Washington

The UK reportedly told Trump not to threaten Iran while it negotiates for the release of tanker hostages

The UK government has asked President Donald Trump to play it cool and avoid escalating a tense standoff with Iran.
Map showing the Strait of Hormuz, a narrow mouth of the Persian Gulf where 21 million barrels of oil pass through every day.

How the Strait of Hormuz, a narrow stretch of water where ships transport $1.2 billion worth of oil every day, is at the heart of spiraling tensions w...

The US blames Iran for two tanker explosions and a drone shooting near the Strait of Hormuz. Some 21 million barrels of oil pass through it every day.
Mike Pompeo, the US secretary of state, and British Prime Minister Theresa May.

Pompeo says UK must protect its own ships in the Strait of Hormuz as British politicians raise questions about the strength of the Royal Navy

Iran's Revolutionary Guard seized two British oil tankers on Friday to retaliate for the Royal Navy's seizure of an Iranian tanker earlier this month.

Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions

Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.

Iran detains 17 citizens accused of spying for the CIA and says they were given ‘tempting promises’ of jobs and money in the US

The announcement comes as nuclear and military tensions between Tehran and the West continue to mount after two British-linked ships were seized.
A boat of the Iranian Revolutionary Guard sails next to Stena Impero, a British-flagged vessel owned by Stena Bulk, at Bandar Abbas port, July 21, 2019.

Iranian-linked terror cells said to be ready to strike UK as Theresa May’s own MPs accuse the government of dropping the ball on the Gulf tanker...

Prime Minister Theresa May is expected to chair an emergency meeting on Monday morning as the Iranian crisis escalates.

Oil is surging as traders brace for the UK’s response to Iran’s seizure of a British-flagged oil tanker

"Investors need to carefully watch the developments in Strait of Hormuz," one analyst wrote, as a fifth of global oil supply passes through it.
The Stena Impero, a British-flagged vessel owned by Stena Bulk.

A radio recording reveals the exchange between a Royal Navy frigate and Iranian armed forces vessels moments before a UK tanker was seized

Iranian forces seized the UK-flagged tanker Stena Impero in the Strait of Hormuz on Friday. There were 23 crew members aboard the ship.