US military says it seizes another oil tanker associated with Iran
Summary
The U.S. military seized an oil tanker, the Majestic X, that was linked to smuggling Iranian oil. This happened after Iran’s Revolutionary Guards took control of two ships in the Strait of Hormuz, a key route for global oil trade, increasing tensions between the U.S. and Iran.Key Facts
- The U.S. seized the oil tanker Majestic X in the Indian Ocean near Sri Lanka and Indonesia.
- Majestic X is flagged in Guyana and was previously sanctioned for smuggling Iranian crude oil.
- Iran’s Revolutionary Guards captured two cargo ships in the Strait of Hormuz the day before.
- The Strait of Hormuz is a vital waterway where about 20% of the world’s oil is traded.
- President Donald Trump extended a ceasefire with Iran but kept a U.S. naval blockade on Iranian ports.
- The ongoing conflict has severely reduced oil exports through the strait.
- Oil prices have risen sharply, with Brent crude oil passing $100 per barrel.
- The conflict has also increased the cost of gas, food, and other goods worldwide.
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