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Iran claims that it sold oil from released tanker

Iran claims that it has sold the oil from the tanker Adrian Darya, that was released by Gibraltar after weeks in the custody of British Royal Marines, according to IRIB news agency, which quoted an Iranian government spokesman. Iran did not identify the recipient of the oil carried by the Adrian Darya tanker. He added that the owner and purchaser of this oil will now decide the destination of the cargo.

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Addressing recent risks at Strait of Hormuz

On 20 June 2019 the US pulled back from retaliatory military strikes against Iran, after Iran's targeting of a US drone allegedly operating in Iranian airspace. This came after a series of attacks on vessels in the Gulf of Oman area, most recently on the Front Altair and the Kokuka Courageous. For this reason, Jean Koh, Daniel Martin and Isabel Phillips, HFW, advise brokers to consider their shipowners' and charterers' rights while operating in this tense climate.

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