On 14 November, media reports began to circulate that the vessel Talara, a 500,000 barrel capacity oil products tanker, had been seized by the Iranian military. According to sources in the market, the vessel had loaded 30,000 metric tons of high sulfur gasoil from Universal Terminal in the UAE’s Hamriyah port and was sailing for Singapore before the arrest.
Initial reactions suggested a geopolitical incident: Iran has seized vessels in the strategically important Strait in the past – often during periods of tension with Israel, the US, or its rivals in the Gulf. Current tensions are at a lull (by 2025 standards), but following the Iran-Israel ‘12 Day War’ earlier this year which essentially resulted in a stalemate (MEES, 27 June), many in the region speculate that a resumption of hostilities is still around the corner. (CONTINUED - 998 WORDS)