US weighs seizing tankers carrying Iranian oil to pressure Tehran, WSJ reports
Newsquawk Staff ·
- Trump administration officials have discussed whether to seize additional tankers involved in transporting Iranian oil to pressure Tehran but have held off, concerned about the regime’s near-certain retaliation and the impact on global oil markets.
What it means
The potential U.S. move to seize tankers carrying Iranian oil signals heightened geopolitical tensions that could impact global oil supply and prices. The hesitation from officials reflects concerns over retaliation from Iran and potential disruptions to the oil market, which could lead to increased volatility in WTI prices and influence energy sector sentiment.
Sources
- Dutch PM says no European ally is willing to buy Russian crude
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement
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