Latest Persian Gulf News

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 20, 2019 7:04 PM EDT

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On...

Iran's poking at West heightens risks of military missteps

Jul. 20, 2019 5:41 PM EDT

WASHINGTON (AP) — Rather than tangle with a stronger U.S. military, Iran is poking and prodding its Western antagonists in ways apparently designed to avoid triggering war but that nonetheless seem to heighten the risk of missteps and miscalculation that could lead to an armed conflict with global...

The Latest: UK rejects Iran's 'tit for tat' view of tanker

Jul. 20, 2019 4:35 PM EDT

TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S. and Iran (all times local): 12:55 p.m. The U.K.'s foreign secretary says the seizing of a British-flagged tanker by Iran's Revolutionary Guard "raises very serious questions about the security of British shipping and indeed...

Iran says its seizure of British ship a 'reciprocal' move

Jul. 20, 2019 1:59 PM EDT

TEHRAN, Iran (AP) — Iran's seizure of a British oil tanker was a response to Britain's role in impounding an Iranian supertanker first, senior officials said Saturday, as newly released video of the incident showed Iranian commandos in black ski masks and fatigues rappelling from a helicopter onto the...

Iran's seizure of UK tanker in Gulf seen as escalation

Jul. 19, 2019 8:56 PM EDT

LONDON (AP) — Iran seized a British-flagged oil tanker Friday and briefly detained a second vessel in the Strait of Hormuz, intensifying tensions in the strategic waterway that has become a flashpoint between Tehran and the West. The seizing of the British tanker marked perhaps the most significant...

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 19, 2019 8:03 PM EDT

Recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, reduce tanker traffic in the vital waterway, according to energy experts. Britain's foreign secretary said Iranian authorities on Friday seized two ships, one flying under...

The Latest: Central Command says US intensifying air patrols

Jul. 19, 2019 7:34 PM EDT

TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local): 2:10 a.m. U.S. Central Command says the U.S. has intensified air patrols over the Strait of Hormuz in response to the Iranian seizure of a British tanker. A Central Command spokesman, Lt. Col....

Officials: US putting troops back in Saudi Arabia

Jul. 19, 2019 7:12 PM EDT

WASHINGTON (AP) — With Iranian military threats in mind, the United States is sending American forces, including fighter aircraft, air defense missiles and likely more than 500 troops, to a Saudi air base that became a hub of American air power in the Middle East in the 1990s but was abandoned by...

Iran's Revolutionary Guard releases video it claims proves U.S. warship didn't destroy Iranian drone near Persian Gulf.

Jul. 19, 2019 12:53 PM EDT
TEHRAN, Iran (AP) — Iran's Revolutionary Guard releases video it claims proves U.S. warship didn't destroy Iranian drone near Persian Gulf. .

Oil price rises on Mideast tensions, stock markets cautious

Jul. 19, 2019 7:07 AM EDT

BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as investors monitor earnings and the ongoing trade talks between China and the U.S. Energy prices...