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Iran Confirms Seizure Of Greek Oil Tankers

OIL
  • AP reports Iran's Revolutionary Guard seizing two Greek oil tankers in the Persian Gulf, after Athens assisted the US in seizing an Iranian oil tanker over alleged sanctions violations in the Mediterranean Sea.
  • It follows Iran an hour earlier saying it had decided to take punitive action against Greece over the seizure of Iranian oil.
  • Possible driver helping extend the recent bid in crude oil (WTI now +0.9% on the day, Brent +1.8%) whilst the advance in equities has slowed.
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  • AP reports Iran's Revolutionary Guard seizing two Greek oil tankers in the Persian Gulf, after Athens assisted the US in seizing an Iranian oil tanker over alleged sanctions violations in the Mediterranean Sea.
  • It follows Iran an hour earlier saying it had decided to take punitive action against Greece over the seizure of Iranian oil.
  • Possible driver helping extend the recent bid in crude oil (WTI now +0.9% on the day, Brent +1.8%) whilst the advance in equities has slowed.