Business Sep 27, 2019

Tanker costs surge as Chinese firms face sanctions over Iran oil

Oil tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude on Wednesday, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 million-barrel cargoes of Middle East oil to Asia have ...

Iran says legal steps for U.K. tanker release have been completed

World Sep 23, 2019

Iran says legal steps for U.K. tanker release have been completed

An Iranian government spokesman said on Monday that all legal steps had been completed for the release of the detained British-flagged tanker Stena Impero but that he did not know when the vessel would be released, Iranian media reported. The July 19 seizure of the ...