Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks fueled by Iran and US tensions reasserted itself after the former seized two Greek tankers, unsettling an already volatile oil market that has seen oil prices rise to two-month highs.
On May 27, Iran detained two Greek-flagged and owned oil tankers – Delta Poseidon and Prudent Warrior in the Persian Gulf, some days after a tanker carrying Iranian oil was seized by the US off the coast of Greece. The fracas comes as hopes of a nuclear deal between the US and Iran — which could potentially free up almost 1 million b/d of Iranian oil – start to fade. The oil market continues […]