‘Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
Israel-Gaza war, and it's adding to the challenges to longstanding freedom of navigation principles that maritime shipping relies on. Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. According to U.S. Naval Forces Central Command, that brought the total number of vessels being held to five, and over 90 crew members hostage. Previous to that, the Iranian-backed Houthis hijacked The Galaxy Leader on November 19. The latest development has shipping and energy experts bracing for a long-term timeline of uncertainty. “Iran is in this for the long haul,” said Samir Madani, co-founder of Tankertrackers.com, an independent online service that tracks and reports crude oil shipments in several geographical and geopolitical points of interest. The MSC Aries was identified by Iran as having a link to Israel. The containership has a carrying capacity of 15,000-TEUs (twenty-foot equivalent containers). MSC chartered the vessel, but it is
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