Iran’s seizure of Greek-flagged tankers raises shipping concerns
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Iranian armed forces seized two Greek-flagged tankers in the Persian Gulf on May 27, raising concerns of further shipping disruptions especially in the Strait of Hormuz, which is an important waterway for global energy supplies, U.K. Time News reported citing Bloomberg. Each of the seized tankers were carrying around 1 million barrels of oil. This seizure comes shortly after an Iranian-flagged tanker was seized by the U.S. with the help of the Greek authorities.
