Energy Iran Guards ‘seize foreign ship’ in Gulf for smuggling fuel By Reuters April 24, 2022, 9:03 AM Iran’s elite Revolutionary Guards have seized a foreign vessel in the Gulf for smuggling 200,000 litres of fuel, a senior Guards commander told the semi-official Fars news agency on Sunday. “The ship was seized in the northern part of the Persian Gulf. Its eight crew have been handed over to legal authorities in the southern port city of Bushehr,” Gholamhossein Hosseini told Fars, without elaborating on the nationalities of the crew members. Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting rampant fuel smuggling by land to neighbouring countries and by sea to Gulf Arab states. The Guards have detained several ships in the past weeks for smuggling fuel in the Gulf. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
