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Temasek supports Singapore Airlines' Air India Investment amid growing scrutiny
Singapore's state-owned investor Temasek - the majority shareholder of Singapore Airlines -- backed its investment in Air India on Saturday, as questions grew about the airline’s stake in the Indian carrier. This week, the first report on Air?India's request to Tata Sons for $1.5 billion of new equity was published. Singapore Airlines holds 25.1%, while Tata owns the remainder of India's largest airline. Kenneth Tiong of Singapore's Workers' Party opposition, who learned about the funding request, called for Temasek's money not to be used in order to support the Indian carrier. Singapore's Business Times also published a comment arguing that Singapore Airlines couldn't realistically sell its Air India stake and that?Tata was the only viable buyer. The newspaper questioned the value of its 25,1% stake beyond a seat on the board and a share in the losses, but maintained that the strategic logic behind the investment was still valid. Juliet Teo of Temasek Singapore's joint head of Portfolio Development wrote to the newspaper in response to this?commentary. She said that Temasek supported Singapore Airlines decision to invest into Air India and viewed it from a longer-term perspective. In the letter, it was stated that Air India's transformation involved multi-year, complex operational and integration challenges. The outcomes were shaped by external factors, such as industry developments, geopolitical changes, and fuel price volatility. It said that "efforts of this magnitude take time and cannot be expected to be linear." Temasek has not stated whether it would support any capital contributions by Singapore Airlines to Air India. Tata has been in charge of Air India since 2022, when it was formerly owned by the state. Air India was hit by the ban on Indian carriers in Pakistani airspace, the U.S./Israeli conflict with Iran and the fallout of a fatal crash that occurred last year. The airline's?budget division Air India Express and the airline itself posted combined losses of $2.33billion in the year up to March. This weighed on Singapore Airlines' profits. Singapore Airlines announced on Thursday that its board will carefully review any requests from Air India for additional capital, taking into account the group's capital requirements as well as Air India's strategy.
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Boeing and union negotiators will meet on Monday to restart stalled contracts negotiations
A spokesman from the Society of Professional Engineering Employees Association said that Boeing's negotiators and its largest union, SPEEA, plan to meet on Monday to resume contract negotiations. SPEEA members rejected Boeing's offer by a large majority last week. In a recent survey conducted by SPEEA, union members including engineers and technical workers said that they want Boeing to guarantee them immediate and larger wage increases. According to the survey results, shared by SPEEA, more money for annual performance-based increases is the?second highest priority. According to the survey, the?third-highest priority was better annual cost-of living adjustments. Boeing's spokesman said, "We are looking forward to reaching an agreement with SPEEA before the current contract ends and we look forward to finding a resolution at the bargaining table." The company declined further comment. Tuesday, the planemaker advertised?contractor positions in apparent preparation for a strike after the current contract expires Oct. 6. SPEEA members are essential to Boeing's efforts to certify the 737 -MAX 10 and 787-9, which both are years behind schedule. Work stoppages would further delay the two aircraft's entry into service. Airlines are still waiting for their delivery. Reporting by Dan Catchpole, Seattle. Editing by Nick Zieminski & Chizu Nomiyama.
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Tennessee Governor: Nashville airport will be named after Dolly Parton
Tennessee plans to name Nashville International Airport after country music icon Dolly Parton. The singer passed away in the 'country music capital' earlier this week at age 80. After Parton's death, fans launched a social media campaign to change the name of the airport. Tennessee Governor Bill Lee discussed the change with Parton's staff this week, according?to statements from the airport and Lee’s office. Lee stated in the statement that "Dolly Parton’s extraordinary life will forever be woven into the fabric of our State." Nashville International Airport is named after 'our favorite daughter' Dolly Parton, who has left a legacy of generosity, faith and kindness. According to a statement, the proposal to rename Nashville Airport and the current Metro Nashville Airport Authority naming policy will both be discussed at a meeting scheduled for September 17. The New York Times reported that the current policy does not allow naming a property after someone who hasn't been deceased for two years. Parton was born in 1946 in Pittman Center, Tennessee. She grew up in an?unique?cabin? in the?neighborhood of Locust Ridge. At age 13, she was performing on the Grand Ole Opry in Nashville, Tennessee. After graduating high school, she moved to Nashville and pursued a career in music. With songs like "Jolene," "Coat of many?Colors," and "I Will Always Love You," Parton became one of the best-selling female musicians of all time. She sold over 100 millions records. She was awarded 11 Grammy Awards including the Lifetime Achievement Award.
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Trans Mountain CEO: US trade dispute adds urgency to Canada’s oil pipeline plans
According to the CEO of Trans Mountain, the government-owned pipeline company, Friday's?collapse in trade talks? with the United States created an urgency? to?plan a?new oil pipeline? for Canada's West Coast. Although the project is still in its conceptual stage, both the oil producing province of Alberta and the Canadian government believe it to be in the national interest. Trans Mountain CEO Mark Maki said that the need for this project became apparent in recent weeks. Canada is the fourth largest oil producer in the world. It exports 90% of its oil to the U.S. but tensions are rising between the two countries. Last week, President Donald Trump imposed tariffs of?50% on $20 billion in Canadian goods. He also angered Canadians with an executive order declaring Lake Ontario, the body of water that spans the Canada-U.S. boundary, to be known as Lake America. Maki stated that the situation highlighted the need for Canada to diversify their exports. The west coast pipeline project would achieve this by increasing Canadian oil ships' access to Asia. "Events in the world around us have made it (the pipeline on the west coast) more urgent and I actually think that is good. He said, "It's very helpful." The 890,000-barrel-per-day Trans Mountain pipeline is the only east-west oil export pipeline in Canada. The Canadian government tripled the capacity of this pipeline in 2024. However, Canadian oil production is still growing and it's already nearly full. Trans Mountain Corp. would build and develop the proposed west-coast pipeline on a route similar to its existing pipeline with financial assistance from Alberta's Petroleum Marketing Commission and the Pembina Pipeline. The project proponents are asking Ottawa to declare the pipeline a national interest project, which will allow regulatory approvals to be expedited. Maki said Trans Mountain had to move quickly to consult Indigenous Communities and plan the route to be able to apply for regulatory approval in early 2019. Trans Mountain also works to optimize the existing pipeline by using drag-reducing agents in order to add?90,000. bpd to the capacity of the pipeline by the end of this year. The company will make a final decision on investment by the end 2026 to build more pumping station to increase 210,000 bpd capacity by the 2028. (Reporting and editing by Rod Nickel in Calgary)
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Trump Administration appeals $16 Billion Hudson Tunnel Funding Order
The Trump administration appealed on Friday a court order that required it to pay for the $16 billion Hudson Tunnel Project?after losing their latest bid to halt funding for 'the New York - New Jersey Rail Link. The project will build a new commuter train tunnel between Manhattan and New Jersey, and repair an old tunnel that is used daily by over 200,000 passengers and 425 trains. The funding dispute is a new clash between the Trump administration and the congressional Democrats on one of the largest infrastructure projects in the country. Trump has stated that he is against the tunnel which received federal support of about $15 billion under former president Joe Biden. The?U.S. The Transportation Department abruptly halted grant funding for the project on 1 October in response to a partial government shutdown that President Donald Trump blamed congressional Democrats. A U.S. court?ordered that the payments resume in February. Trump announced in October that he terminated the project citing U.S. backing. Chuck Schumer is a New York Democrat who expressed concerns over potential cost increases. The Department, which didn't comment immediately on Friday, had said that the freeze was imposed to ensure compliance with regulations prohibiting improper use of "diversity equity and inclusion" policies when funding. The heavily damaged tunnel from Hurricane Sandy in 2012 needs frequent repairs, which disrupt travel on the nation's busiest passenger rail line. Construction was temporarily halted in February, but resumed when the Trump Administration released funding that it had been withholding since October. The Gateway Development Commission which oversees the?project for New York and New Jersey has sued the Transportation Department separately in the U.S. Court of Claims, to ensure that the funds aren't frozen. Trump offered to unfreeze funds in January if Democrats would support his proposal to rename Washington Dulles Airport, and New York Penn Station. Democrats criticised the idea. The federal funding for the project has already been spent on around $2 billion.
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Serbia obtains additional sanctions waiver for Russian owned NIS oil company
On Friday, energy minister 'Dubravka Djedovic Handanovic' wrote on Instagram that?Serbia had secured a further waiver of sanctions from the United States until September 30 for its Russian-owned NIS Oil firm. The U.S. Office of Foreign Assets Control has granted a waiver to NIS, the operator of Serbia's sole oil refinery. This will allow NIS to continue importing oil until the Russian majority stake is sold by MOL, a Hungarian oil company, for a total of 51%. "The extended license allows us to continue supplying the market, while at same time working on an long-term solution (for NIS),"?Djedovic handanovic said. OFAC imposed sanctions against NIS in October last year as part of broader measures targeting Russia's energy sector due to the conflict in Ukraine. They demanded that Gazprom and Gazprom divest their combined 56% stake. This waiver is vital for Serbia, as the NIS refinery supplies around 80% or its demand. The Balkan country's other fuel imports fell to 25% of its monthly target in July due to record-low water levels on the River Danube forcing barges and tanks to operate at only a third their cargo capacity. Djedovic Handanovic said that negotiations between MOL & Gazprom Neft were in the final phase. She said without further explanation that "the new?licence is a sign of progress and a desire to provide the extra time necessary to complete this complicated transaction." OFAC granted NIS several waivers of sanctions allowing it import crude via Croatia’s Janaf pipeline while MOL completed the?acquisition following a provisional agreement in January. The Serbian Government owns 29,9% of NIS. Small shareholders and employees hold the rest. (Reporting and editing by Louise Heavens and Kirby Donovan; Aleksandar Vasovic, Angeliki Koutantou)
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Kremlin: Putin and Xi will discuss Power of Siberia 2 next week
Yuri Ushakov, Kremlin's foreign policy adviser, said that the Russian president?Vladimir Putin would meet with Chinese President Xi Jinping?on a side-line?of??the Shanghai Cooperation Organisation summit?? in Bishkek?, Kyrgyzstan?s capital. Ushakov stated that the leaders will discuss the?planned 2,600-km (1.616-miles) Power of Siberia?2 system, which is expected to transport 50 billion cubic meters (bcm),?of gas a year?to China via Mongolia?from the Arctic Gasfields. Power of Siberia 2 is stalled because of price disagreements, and the pipeline talks have been going on for many years. Putin will also meet with Turkish President Tayyip Erdoan, and he is expected to discuss with him the situation in Ukraine and at the Black Sea. The Kremlin's aide confirmed that Putin would also meet with the?Indian PM Narendra Modi and Iranian President Masoud Pezeshkian. (Reporting and writing by Anton Kolodyazhnyy; Written by Vladimir Soldatkin)
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In a stepped-up attack on logistics, Russia destroys Ukrainian food stores
Kyiv’s agriculture minister revealed on Friday that recent Russian air strikes?have destroyed 90% of retailers' logistics for food, Kyiv's agricultural ministry said. This reveals?the extent of Moscow's mounting attack on Ukrainian logistics. Both countries have intensified their strikes over the past few weeks, focusing on economic targets such as major retailers. Specifically,?Russia has targeted warehouses of Ukraine's top supermarket chains, its top?postal services?and its home-goods shops. Ukrinform reported that Taras Vysotskyi, the farm minister, said, "As it stands today, 90 percent of retail food chains are destroyed. But this does not mean Ukrainians won't have food." The comments he made to reporters in Kyiv were the most honest official assessment of the impact of Russia's escalating attacks on Ukraine's fragile economy, in its fifth year of war. Strikes at the logistics depots for food retailers have caused?fresh fruits, vegetables, milk, sugar and other foods to disappear from some Kyiv supermarkets. Ukraine's long range attacks have also targeted energy infrastructure, oil tankers and the Black Sea's Black and Azov Seas. ATTACKS ON LOGISTICS Interior Minister Ivan Vyhivskyi stated that Russia launched jet-powered drones across Ukraine almost non-stop over the past two weeks, especially in Kyiv and its surrounding area, where the situation was the most challenging. He said on Telegram that 16 people were killed in Ukraine over the last day. Vyhivskyi stated that the attackers are targeting civilian businesses such as food?warehouses and hypermarkets. They also target postal terminals and warehouses where books were stored. Tymur Tkachenko, the governor of Kyiv, confirmed that Russian drones attacked more than 12 warehouses in the region on Friday, causing one death. The company also reported that the strikes destroyed the sorting centres of Ukraine's leading private courier Nova Poshta in Kyiv, and Sumy (northern city) as well. Ivan Fedorov, the governor of Zaporizhzhia in the south, said that a Russian drone ripped into a major home improvement store, Epicenter, and injured at least four people. Ihor Terekhov, mayor of Kharkiv, said that Russia had also attacked a shopping centre in the city. This was the second attack in just two days. A Russian drone also destroyed on Friday a Kyiv-region warehouse for a major book retailer, which shipped thousands of titles every day. GOAL TO 'PARALYZE' KYIV Frequent sirens blared 'throughout Kyiv' into the afternoon of Friday, a day after a missile and drone assault on Ukraine which targeted major retailers and consumer logistic in Kyiv as well as elsewhere. The attacks on Friday appeared to be a bid to prolong the chaos caused by strikes a day before, which had delayed trains in several regions and left many passengers stranded. Andriy Kovalevko, the head of Ukraine’s Centre for Countering Disinformation(CCD), an arm of the National Security Council, said: "The enemy is sending small numbers of UAVs with jet engines in waves to paralyse Kyiv." The aim is to wear down?air defences as well as the population. Ukraine's State Railway said on Friday that although delays are decreasing, the effects of frequent strike and air-raid warnings will be felt for at least one more day. Ukraine's Foreign Ministry said that Kyiv was under an air-raid warning for nearly 15 hours on Thursday. Reporting by Anna Pruchnicka from Gdansk; additional reporting by Yuliia Dia, Jekaterina Glubkova from Tokyo; editing by Thomas Derpinghaus and Christopher Cushing.
Special Report-Iran consolidates control of Hormuz through island checkpoints and diplomatic deals, as well as sometimes 'fees.'
The crew of the tanker gathered courage and navigated carefully along the route designated by Iran. They hugged the coast and manoeuvred their massive vessel between island checkpoints in the Strait of Hormuz.
Agios Fanourios 1, a 330 metre long vessel, loaded with Iraqi crude and bound for Vietnam had been bottle-?up near the coast of Dubai, since late April. On May 10, the tanker set out for the Strait of Hormuz after an agreement with Iran, overseen by Iraq’s Prime Minister. The Iranian orders to the tanker are part of the complex multi-tiered system that Iran has used for clearing vessels across the Strait of Hormuz. With Iran now in de ?facto control of the strait, the system can involve government-to-government arrangements, intense vetting by the Iranian government and sometimes fees in exchange for safe passage, has found. The ship's progress in Vietnam, Iraq and Greece was closely monitored by two people, who were interviewed by. The transponder would go dark periodically, but I was still able to sail on the Agios Fenourios. A projectile struck another ship nearby that day and caused a small fire.
The Agios Fanourios 1 icon was displayed on screens late May 10. According to an Iranian official, speedboats from the Islamic Revolutionary Guard Corps stopped the tanker as it passed?Hormuz Island.
The IRGC soldiers who were initially letting the ship through the strait now order the ship to stop. The Iranian official stated that there was a suspicion of smuggled goods and they wanted to inspect the vessel.
The vessel was given Iranian permission to continue a few hours later. This turned what would normally be a five-hour journey through the Strait into a two day ordeal.
One of the people who was monitoring the trip said, "Once we heard that Agios had passed Hormuz we breathed a huge sigh,"
Eastern Mediterranean Shipping, the manager of the ship, and six other people who knew about the passage confirmed that no payments had been made.
Konstantinos Sakellaridis wrote that he had "reasons to believe" that Iranians were oblivious to the transit Agios Fanourios I due to pressure from Iraq and Vietnam.
The Iranian government has not responded to requests for comments about the new mechanism, or the voyage of the Agios fanourios I. Iran’s grip on Strait of Hormuz - the conduit for a fifth of global oil supply - has caused the world economy to be in turmoil. In order to reveal how Iran has been consolidating its control over the strategic chokepoint, we interviewed 20 people who had knowledge of this evolving mechanism. These included Asian and European shipping officials and Iranian and Iraqi official, as well as Iranian and Iraqi officials. We also reviewed Iranian documents relating to the vetting procedure and analysed the movements of ships. Together, these documents provide a rare glimpse into the Iranian scheme, in which the powerful Islamic Revolutionary Guard Corps plays a key role.
The sensitive nature of the topic made all sources request anonymity. Some details about the Agios fanourios I's journey could not be independently confirmed, but they matched the accounts of multiple maritime officials who were involved in managing the same route and navigating it for cargo ships as well as tankers.
According to the U.S. Military, by early May, there were around 1,500 vessels in the Gulf with 22,500 sailors on board. This bottleneck is caused by Iran's ability, from the coast of the Gulf, to hit ships in the strait. The conflict has become the worst energy crisis in history, according to the head of the International Energy Agency. The U.S. Navy responded by imposing a blockade on Iranian ships and their cargo, with a cordon around the Strait.
A trickle of ships have made it through the waterway. According to an unpublished analysis from the U.S. company SynMax Intelligence, between April 18 and may 6, less than 60 ships passed through. In the days before the war, 120-140 ships would pass through the strait every day. About half were oil tankers.
U.S. laws prohibit American citizens from transacting with the Iranian government. Non-Americans who deal with Iranian entities may also be subject to "secondary sanctions". Many Western governments also maintain their own restrictions and sanctions relating to Iran. The U.S. Treasury Department released a statement May 1 warning about the risks associated with making payments to the Iranian regime or obtaining guarantees from them for safe passage.
The new Iranian mechanism includes a tiered system giving preference to ships linked to its allies Russia and China, followed by countries such as India and Pakistan with close ties to Tehran, and then government-to-government agreements that let vessels like the Agios Fanourios I pass, found.
The U.S. Department of Treasury responded to questions about the system by saying that it was prepared to take action against foreign companies supporting illicit Iranian trade.
It is not possible to determine independently how many ships have used this scheme. Iran said that ships connected to the United States and Israel, who launched aerial attacks against Iran in late-February, may not be allowed to cross the Strait.
Two European shipping sources said some vessels that aren't covered by government-to-government deals are paying Iranian authorities upwards of $150,000 to secure safe passage through the Strait of Hormuz.
Two senior Iranian officials said that security and navigation fees are charged to ships, but the amount varies depending on the cargo. Two senior Iranian officials did not provide specific figures but said that "not all countries pay these fees."
Could not independently confirm whether the amount levied against vessels or the total amount flowing into Iranian coffers was accurate.
"THE NEW NORMS" Under international maritime law governments are not allowed to charge for the safe passage of a strait. As long as all ships are treated equally, fees can be charged for security or service. Secrets are kept about these payments and the names ship owners who paid Iranian authorities for their vessels to be retrieved, because such payments would violate U.S. sanctions against Iran's government. Could not determine the method of transfer or which Iranian entity received the money.
According to two maritime insurance specialists, in addition to being charged, violators will also lose their insurance coverage if they make payments to the IRGC that would benefit it, as?it is a terrorist organization internationally designated.
Danny Citrinowicz is a former Israeli Intelligence officer who specializes in Iran research and analyses.
Citrinowicz said that the Iranian regime's approval was required to open or close the Straits. He is currently working at Israel's Institute for National Security Studies. "Some will pass through due to political alliances. Others will pay a fee, and others will be sent back. "This is the new normal."
China's Ministry of Foreign Affairs, in response to Iran's findings regarding its new control system, called for the opening of the Strait of Hormuz and expressed concern about "future arrangements" for the strait.
The statement from the Ministry said that "such arrangements should comply with the law and practice of international law, and take into consideration the legitimate security concerns and demands of coastal states as well as the legitimate claims of regional countries and international community."
Checking for affiliation
According to three Iranian and one European source, outside of government agreements the process for securing Iranian permission to transit includes a detailed vetting by the Islamic Revolutionary Guard Corps (IRGC), Iran's elite combat force. According to the sources, the IRGC examines a document called an affiliation that is provided by a ship operator or owner and submitted via an intermediary.
The European shipping source said that the affiliation check was to determine if there were any connections between the vessel and the U.S. The Guards review documents for about a week, and they may also want to inspect the ship during this time, according to the source.
According to documents sent by Iran's Persian Gulf Strait Authority to sources in the shipping industry, the IRGC requires shipowners to disclose information including the value and origin of the ship's cargo as well as the nationalities of its crew. In recent weeks, the authority was established to tax and approve vessel transits.
According to three senior Iranian officials, the vetting of ships is done by Iranian state institutions, including the Ports and Maritime Organization, Ministry of Industry, Mine and Trade, national shipping organization, and security overseer of Supreme National Security Council. Officials said that the IRGC which oversees Iranian security is also involved in evaluating the vessels.
The countries must also contact Iran's Foreign Minister to ask for permission. One of the officials stated that the minister then forwards them to the Supreme National Security Council which includes representatives of Mojtaba Khamenei and the IRGC.
The official added that "a decision is made and then communicated to all relevant bodies, including the IRGC," he said. The official added that the IRGC gives the necessary coordinates and instructions for safe passage.
According to two sources familiar with the deal, the Iraqi government and its state-owned oil marketer SOMO worked together to negotiate a deal with Iran for the Agios Fanourios I under the supervision then-Iraqi Premier Mohammed Shia al-Sudani.
Three Iraqi officials from the oil ministry said that they had sent the Iranians the crew and manifest information for the Agios fanourios I before the passage.
The Iraqi government has not responded to a question about its arrangements with Iranian officials or details about Agios Fanourios.
Other countries have negotiated different agreements. India is one of them. It imports 90% of its oil and 50% of its natural gas. A large portion of this passes through Hormuz.
According to an official in the Indian shipping ministry, New Delhi uses its embassy at Tehran to communicate with Iranian authorities including the IRGC, the Iranian navy and other Iranian agencies. These entities vet the ships India wants to leave the Gulf.
"Once all is verified, the captain of the ship is given a course to follow and the ship leaves the area under the guidance of the Iran Navy. Officials said that captains were strictly instructed to adhere to the "given route". He added that ships are instructed to turn off location transponders, and to not use satellite communication.
An Indian source familiar with the process said that after Iran gives permission, the Indian Navy contacts the shipmasters of Indian flagged vessels in the Gulf directly and provides them with waypoints.
The Indian navy told us, too, that you should stop if they ask you to. The source stated that "if they tell you to move you should move," and we have been following these instructions.
India's Shipping Ministry announced on May 14 that 13 Indian flagged vessels had cleared the Strait of Hormuz while another 13 remain west of the waterway.
India, Russia Pakistan and Vietnam didn't respond to our requests for comments about Iran's control of the Strait.
FRAUGHT?
According to three Iranians and two sources from the shipping industry, clearing multiple Iranian waypoints is a common requirement for many ships as they leave the Gulf of Aden and enter the Strait of Hormuz. These are often manned by armed personnel.
The Agios fanourios I passed through the Iranian military checkpoints in Abu Musa, Greater Tunb, and Larak. These coordinates were verified using the publicly available location data of the ship and other sources that knew about similar journeys.
According to an Iranian official who was familiar with that incident, when the vessel approached Hormuz Island at the mouth of the strait it was briefly halted by the IRGC speedboats. He claimed that there was some information on possible smuggled goods aboard.
He said that the information was incorrect. After a short period of confusion, the Agios fanourios I resumed its journey.
The Indian shipping industry source stated that a similar chaotic communication was likely the cause of an attack on two Indian flagged ships trying to cross the Strait of Hormuz in the last month. Indian sailors trapped in the Gulf are scared by these incidents.
The Indian shipping source said that these ships do not have any armor or other protection. "The bullets penetrate through." He added that the only targets for shooters are the crew quarters. "They cannot shoot at the tanks, because they are carrying flammable liquids."
A bulk carrier sailed by an Indian sailor through the Strait of Hormuz. The ship waited for permission from the IRGC before it left the Gulf. The Iranian navy then established contact and instructed the ship to proceed towards Larak Island. The naval officials then ordered the captain of the ship to reveal the details about the ship and display its flag. They began talking with the shipping company. The Iranians asked repeatedly about the crew's nationality.
He said that "after a few hours, the IRGC gave the captain a route." The ship, escorted by smaller Iranian navy vessels, was instructed to steer with caution for fear of mines. He said, "It was an incredibly frightening sight." "I cannot even imagine in my wildest fantasies going to sea during a conflict."
Even if vessels make it to the other side of the Strait of Hormuz the ordeal may not be over. The Agio Fanourios 1 was caught in the U.S. Navy blockade a day after leaving Iranian waters. The tanker was tethered to a triangle for six days as the American military processed its paperwork.
"U.S. "U.S. forces ordered the Malta-flagged ship to turn around in order to enforce the ongoing blockade," Capt. Tim Hawkins is the spokesperson for U.S. Central Command.
Sakellaridis said that Vietnam had pressured the United States into letting the ship through. He said there was no reason to stop it in the first place because "the vessel and cargo did not have any Iranian involvement."
It is not possible to determine how many ships the Americans have stopped since the blockade began on April 13th. The Agio Fanourios I, which was seized on April 13, was released without explanation on May 16. The ship is loaded with 2,000,000 barrels of crude oil and will be heading to Vietnam. Reporting by Devjyot Sharma in New Delhi, Gavin Finch, Gavin Finch, Gavin Rasheed, Parisa Hafezi, Ahmed Rasheed, in Baghdad. Florence Tan, Jonathan Saul and Nerijus Adomatis contributed additional reporting. Rene Maltezou, Sunil Kataria, Sunil Adomaitis and Florence Tan also provided editing. Lori Hinnant edited the article.
(source: Reuters)