All tagged Straight of Hormuz

Iran Says It Could Release UK-Flagged Tanker Within Days

◢ Iran on Sunday hinted that it could release "within days" a UK-flagged oil tanker it had seized in July in sensitive Gulf waters amid rising hostilities with Britain's ally the United States. Foreign ministry spokesman Abbas Mousavi told state television the "necessary steps" to set the Swedish-owned ship free were "underway.”

Iran Denies Giving Gibraltar Assurances for Release of Tanker

◢ Iranian officials on Friday denied that any assurances were given to Gibraltar to release an Iranian tanker now sailing on into the Mediterranean, calling it a "victory" for Tehran. "Iran has given no assurances over the Grace 1 not going to Syria to secure its release," the state broadcaster's youth website quoted foreign ministry spokesman Abbas Mousavi as saying Friday.

Oil Prices Jump 6% as Trump Says Iran Made 'Very Big Mistake'

◢ Oil prices jumped Thursday on rising US-Iran tensions, with gains accelerating on a cryptic tweet by US President Donald Trump after Iranian forces shot down a US spy drone. President Donald Trump said Thursday that Tehran had made a "very big" error, after Iranian forces shot down a US spy drone near the strategic Strait of Hormuz.

Iran Shoots Down US Drone as Tensions Soar

◢ Iran shot down a US spy drone Thursday near the strategic Strait of Hormuz, with the two sides at odds whether it was in Iranian or international airspace, in the latest incident stoking tensions between the arch-foes. The Islamic Revolutionary Guard Corps said the "US-made Global Hawk surveillance drone" was hit with a missile "after violating Iranian air space" over the waters of Hormozgan province.