![]() In 2018, 21 million barrels per day of oil flowed through the Gulf’s Strait of Hormuz, equivalent to about 21% of global petroleum liquids demand at the time, according to the U.S. ally Seoul over Iranian funds frozen in South Korean banks due to U.S. Hana Levi Julian - 16 Adar 5781 February 27, 2021. In early January, Iran’s Revolutionary Guards seized a South Korean-flagged tanker in Gulf waters and detained its crew amid tensions between Tehran and U.S. Israeli-Owned MV Helios Ray Vessel Hit by Explosions in Persian Gulf, Near Strait of Hormuz. She was delivered from the builder on, and at the time of her capsizing was owned and operated by Hyundai Glovis. Her keel was laid on 23 December 2015, and she was launched on 26 August 2016. Navy’s Bahrain-based Fifth Fleet said it was aware of the incident and monitoring the situation. Golden Ray was built by Hyundai Mipo Dockyard in Ulsan, South Korea. withdrawal, violating key restrictions on uranium enrichment and production capacity. President Joe Biden is looking to rejoin the deal, which Iran has retreated from since the U.S. Overview CEO Message Corporate Philosophy History Awards & Certificates CI Network. The Trump-era standoff risked military escalation and rattled global oil markets. President Donald Trump, who had quit the nuclear accord in 2018 and imposed crushing sanctions on Tehran. The area where the incident took place was the scene of multiple attacks two years ago amid escalated tensions between Iran and former U.S. They said it wasn’t clear what caused the damage. ![]() The Associated Press, citing two unidentified American defense officials, said the ship sustained two holes on its port side and two holes on its starboard side just above the waterline. “Whilst details regarding the incident remain unclear it remains a realistic possibility that the event was the result of asymmetric activity by Iranian military,” Dryad said in a report on the incident. Maritime security firm Dryad Global said the MV HELIOS RAY was en route to Singapore from Dammam in Saudi Arabia. None of the 28 crew members was hurt and the engine room was not damaged, company spokesman Zamir Dahbash said in a text message. ![]() ![]()
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