• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 26 mins Emissions Need To Be Halved To Avoid 3C Warming
  • 7 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 1 hour Coal Boom in Asia is Real and a Long Trend
  • 16 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 17 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 3 hours Pioneer CEO Said U.S. Oil Production would be up to 15 mm bbls/day NOW if we had the pipelines. Permian pipelines STARTING Q3
  • 5 hours Solar Panels at 26 cents per watt
  • 10 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 10 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 10 hours US to become net oil exporter in November: EIA
  • 15 hours Trudeau approves Trans Mountain Pipeline
  • 17 hours The Plastics Problem
  • 9 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 8 hours US Shale Drilling lacks regulatory body.
Alt Text

Are Oil Prices About To Bounce Back?

Money managers have gotten increasingly…

Alt Text

OPEC Discord Grows As Saudis Hint At ‘Delayed’ Meeting

Saudi Energy Minister Khalid Al-Falih…

Alt Text

Oil Markets Ignore A World On The Brink Of War

As tensions continue to rise…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Trending Discussions

Iran’s Army Vows To Protect Oil Tankers From Threats

Iran’s army is ready to protect its commercial fleet, including crude oil tankers, from any threats, a senior Iranian military commander said on Monday, in an apparent response to last week’s U.S. advisory to all countries and ports doing business with Iran that Iranian ships are a “floating liability.”

“Iran’s armed forces...are prepared today as in the past to protect our fleet of oil tankers against any threats so that it can continue to use marine waterways,” Iran’s semi-official news agency ISNA quoted Rear-Admiral Mahmoud Mousavi, a deputy commander of the regular armed forces, as saying on Monday.

Last week, after the U.S. sanctions on Iran’s oil, shipping, and insurance industries returned, the Special Representative for Iran Brian Hook said at a press briefing that “If Iranian tankers make calls to your ports or transit through your waterways, this comes at great risk.”

“From the Suez Canal to the Strait of Malacca and all chokepoints in between, Iranian tankers are now a floating liability. Countries, ports, and canal operators, and private firms should know they will be likely responsible for the costs of an accident involving a self-insured Iranian tanker,” Hook said.

“Self-insured Iranian tankers engaging in unsafe behavior with many tons of crude oil onboard is courting environmental and financial disaster. Our strong message to any entity considering doing business with these Iranian tankers is to rethink your decision. Protect your port, protect your business, and promote maritime safety,” Hook added.

In what is seen as a response to these remarks, Rear-Admiral Mousavi was quoted as saying today that “Iran’s armed forces have the preparedness to protect our commercial fleet...as they have in the past 40 years.” Related: OPEC Fears Another Downturn In Oil

Iran will file a complaint at the International Maritime Organization (IMO) over the “cruel sanctions on maritime transportation” from the United States, the official Islamic Republic News Agency (IRNA) quoted the Head of Ports and Maritime Organization of Iran, Mohammad Rastad, as saying on Monday.

After the U.S. sanctions entered into force last week, Iran is carrying on with its defiant tone, with First Vice President Eshaq Jahangiri saying on Monday that “Iran has so far managed to export oil as much as it needed and the US has had to issue sanctions waivers to eight countries to continue buying oil from Iran.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Mamdouh G Salameh on November 12 2018 said:
    Sanctions or no sanctions the United States can’t claim for itself extra-territorial jurisdiction over Iran shipping its oil exports on its own self-insured tankers.

    Moreover, other countries can decide on their own whether to permit Iranian oil tankers to call on their ports or transit through their waterways without interference or advice from big brother.

    If on the other hand the US Special Representative for Iran Brian Hook is making a veiled threat to Iran’s oil tankers, then Iran has every right under international law to take whatever measures to defend its tankers and oil shipments. Moreover, Iran will always have the option to ship its oil exports on Chinese and Russian tankers and dare the United States to intercept them.

    And whilst the US sanctions’ saga is becoming ludicrous by the minute, Iranian tankers are ploughing the seas carrying Iranian crude to buyers around the world unaffected by the sanctions.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News