The detained British-flagged tanker Stena Impero is ‘free to leave’, said Iran’s ambassador to the UK, Hamid Baeidinejad in a statement through its twitter account Monday, just over two months after Iranian forces seized the ship in the Strait of Hormuz, for alleged marine violations.
The bullish reaction in oil prices will likely be limited by Saudi Arabia’s vast quantities of crude in storage, estimated to equal roughly 26 days of current crude exports, said Bjørnar Tonhaugen, head of oil market research at Rystad Energy, following Saturday’s attacks on the world’s largest oil processing facility.
Iran seized another vessel in the Gulf for allegedly smuggling 250,000 litres of diesel fuel to the United Arab Emirates, according to Iran’s semi-official Students News agency ISNA. The ship was detained near Iran’s Greater Tunb island in the Persian Gulf.
As Reuters reports, the drone attacks against Saudi Aramco’s sprawling Abqaiq oil terminal has resulted to a traffic congestion, a slight rise in comparison to previous levels, as about a dozen tankers wait to conduct their loading operations at Ras Tanura and Juaymah.
Iran dismissed accusations by the US that it was behind attacks on Saudi Arabia’s oil plants and warned on Sunday that US bases and aircraft carriers in the region were in range of its missiles. The drone strikes were reported Saturday on plants in the heartland of Saudi Arabia’s oil industry.
Drone attacks on crucial Saudi Arabian oil facilities, which are among the world’s most important energy production centers, have caused disruptions on around half of the country’s oil capacity, or 5% of the worldwide oil supply. Yemen’s Houthi rebels took responsibility for the attacks, noting that 10 drones aimed Saudi Aramco’s oil facilities in Abqaiq and Khurais.
The presence of the UK warships in the Strait of Hormuz has stabilized the commercial shipping operations, following the tensions in the area after Iran seized a UK-flagged tanker in the region, a British navy official reported to Reuters.
The International Transport Workers’ Federation (ITF) welcomed the Iranian authorities release of seven crew members from the detained British-flagged tanker Stena Impero, but urged for a transparent solution to this matter for the release of the other 16 seafarers who remain onboard, away from their families.
The British-flagged oil tanker Stena Impero, which has been seized by Iran for almost two months, could be released after the imminent completion of legal proceedings against the tanker, Iranian state television reported on Sunday.
Following a long journey across Mediterranean, the Iranian oil tanker ‘Adrian Darya 1’, which is at the centre of a major diplomatic dispute between Iran and the US, eventually arrived at the Syrian port of Tartus and sold its cargo, violating EU and US sanctions.
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