Tagged: US and the European Union.

Iran-Starts-Tanker-War

Iran Starts Tanker War With UK In The Strait Of Hormuz

Iran seized a British oil tanker in the Strait of Hormuz on July 12 in retaliation to the British Royal Marines seizing its oil tanker in the British territory of Gibraltar on July 4.

Strait of Hormuz

Situated between the Persian Gulf and the Gulf of Oman, Strait of Hormuz has Iran on its north and Oman peninsula on its south. With almost one-third of the global crude oil passing through this stretch, it is one the busiest shipping lanes in the world. Its size – 21 nautical miles at its narrowest point – forces tankers to pass the stretch from the territorial waters of Iran and Oman.

Tension with Iran

The US has bitter relations with Iran since the 1979 Iranian Revolution that established strict Islamic rule by deposing the US-backed Shah of Iran. But the present-day military standoff is the result of 2000 economic sanctions imposed by the United Nations, US and the European Union.

2000 economic sanctions

The world was of the view that Iran was developing nuclear capabilities with the help of a uranium enrichment program and that it could use … Read the rest