Investing
U.S.-led naval group warns ships to avoid Iranian waters to avoid seizure
© Reuters. Attendees hold flags from Iran and the United States as Iranian Americans from across California converge in Los Angeles, California, U.S., January 11, 2020. REUTERS/ Patrick T. Fallon/ File Photo
DUBAI (Reuters) – A U.S.-led naval coalition in the Gulf has warned ships in the region to stay away from Iranian waters to avoid possible seizure, the U.S. Navy said.
The warning shows tensions remain high in and around the Strait of Hormuz, where Iran seized tankers in late April and early May, while Washington and Tehran finalise a deal to free five U.S. citizens detained in Iran and the U.S. allows $6 billion in Iranian funds held in South Korea to be unfrozen.
“The International Maritime Security Construct is notifying regional mariners of appropriate precautions to minimise the risk of seizure based on current regional tensions, which we seek to de-escalate,” Commander Timothy Hawkins (NASDAQ:), spokesman for the Bahrain-based U.S. Fifth Fleet, said late on Saturday.
“Vessels are being advised to transit as far away from Iranian territorial waters as possible.”
About a fifth of the world’s and oil products pass through the Strait of Hormuz, a choke point between Iran and Oman at the mouth of the Gulf.
The deal to release U.S. citizens from Iranian prison and allow them to return to the U.S. would remove a major irritant between Washington and Tehran, which remain at odds on issues from the Iranian nuclear programme to Tehran’s support for regional Shi’ite militias.
The United States would release some Iranians from U.S. prisons as part of the deal, Iran’s mission to the United Nations has said.
Read the full article here
-
Side Hustles4 days ago
Why the Best CEOs Think Like Anthropologists
-
Make Money5 days ago
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Passive Income5 days ago
How Pets Can Promote Better Health and Well-Being in the Workplace
-
Side Hustles5 days ago
10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Side Hustles5 days ago
What to Do If TikTok is Banned — How to Protect Your Brand
-
Make Money6 days ago
Build Your Future: 5 Simple Steps to Financial Stability
-
Investing2 days ago
TikTok faces US ban deadline as users brace for fallout By Reuters
-
Side Hustles6 days ago
Meta Is Laying Off 5% of Its Workforce: Read the Memo