Iran Denies Ownership Of Oil Cargo Confiscated In Indonesia

Iran’s oil ministry has denied owning the cargo seized from an Iranian-flagged supertanker by Indonesia. The supertanker, MT Arman 114, was suspected of being involved in illegal crude oil transshipment when Indonesia’s coast guard captured it last week.

The oil ministry refuted claims that the cargo belonged to Iran, dismissing the reports as baseless and aimed at creating a negative perception of the country. However, the statement did not disclose the actual owner of the cargo.

Tensions between Iran and the United States have escalated due to Iran’s recent attempt to seize a US-managed tanker in the Gulf. In response, Iran’s Revolutionary Guards’ navy issued a warning, threatening retaliation against any oil company unloading Iranian oil from a seized tanker near Houston.

This has raised concerns over further escalation between Iran and entities involved in the oil industry.

Additionally, the US has led a proposal at the UN to revoke Iran’s bid to host a maritime event, leading to diplomatic strain between the two countries.

The supertanker’s past incidents also came into the spotlight, as data showed it was previously known as “Grace 1,” seized in 2019 for transporting oil to Syria in violation of EU sanctions. The global community closely monitors developments that may impact international trade and security.

Reference: Reuters, Fars News

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Source: Maritime Shipping News