SME Times is powered by   
Search News
Just in:   • Foreign currency deposits in S. Korea fall for 2nd month in Feb  • Sensex, Nifty fall up to 2 pc in early trade as West Asia tensions rise  • FM Sitharaman set to present Finance Bill 2026-27, corporate law reform bill  • Gold, silver plunge up to 6 pc on global weakness, rupee hits 93.84 against US dollar  • Global oil prices fall up to 3 pc as US signals easing of Iran crude sanctions 
Last updated: 13 Aug, 2019  

Iran.9.Thmb.jpg 'UK likely to release seized Iranian tanker soon'

Iran.9.jpg
   Top Stories
» Gold, silver plunge up to 6 pc on global weakness, rupee hits 93.84 against US dollar
» Global oil prices fall up to 3 pc as US signals easing of Iran crude sanctions
» India powering robust energy ecosystem, shaping sustainable atmosphere: PM Modi
» Stakeholders call for holistic export cluster rejuvenation with focus on MSMEs
» Indian-flagged LPG tanker ‘Nanda Devi’ to arrive at Kandla Port today
IANS | 13 Aug, 2019
An Iranian official on Tuesday said that the UK was likely to soon release an Iran-owned oil tanker that it unlawfully seized last month off the coast of Gibraltar, after the two sides exchanged certain documents.

Speaking at a press conference on Tuesday, Jalil Eslami, Iran's Ports and Maritime Organization's deputy head, said Tehran has been making efforts towards securing the release of oil tanker Grace 1, which was seized with a cargo of 2.1 million barrels of oil by UK marines in the Strait of Gibraltar in July, reports Press TV.

The official said London had shown willingness to resolve the diplomatic dispute that has broken out between the two sides over the case, adding, "certain documents have been exchanged, which would help settle the issue".

"We hope that the problem will be resolved in the near future and that the ship can continue sailing with the flag of the Islamic Republic of Iran," he said.

Britain has claimed the Iranian-owned oil tanker was seized on suspicion of violating the European Union's unilateral bans against Syria.

Tehran rejected London's claim that the tanker was heading to Syria, slamming the seizure as "maritime piracy" .

Eslami also defended Tehran's confiscation on July 19 of the 30,000-tonne UK-flagged Stena Impero tanker, which was violating international maritime rules while passing through the Strait of Hormuz.

The vessel had been involved in an accident with an Iranian fishing boat and had ignored its distress call, changing its route.

It also switched off its tracking system and used the exit lane to enter the strategic strait.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter