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Iranian Seized Tanker Located Off Qeshm Island, Iran: TankerTrackers

OIL

The Marshalls Islands tanker seized by Iran last Thursday has been located east of Iran's Qeshm Island according to TankerTrackers.

  • "The Greek-owned, UK-insured and Marshall Islands-flagged Suezmax tanker ST NIKOLAS...laden with 1 million barrels of Iraqi crude oil, has been located today east of Qeshm Island, Iran...AIS (ship tracking) is offline," TankerTrackers said via X on Saturday.
  • Iranian state media reported the vessel was taken by Iran in retaliation for the same vessel being seized by the US last year for being in contravention of sanctions.
  • The latest seizure caused an oil price rally last Thursday, ratcheting US/Iran tensions at a point when numerous other escalation points for oil security in the Middle East remain at high levels of risk.

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