Oil prices have risen sharply on Friday evening following the news that Iran has raised two oil tankers in the Persian Gulf. The unrest in the region causes uncertainty about the supply of oil, which causes the demand for oil to increase.
The Iranian Revolutionary Guard (IRGC) announced that it had intercepted a British ship of a Swedish shipping company, the Stena Impero, because it would not have complied with international regulations. The oil tanker is being transferred to a port in Iran, which lies north of the Strait of Hormuz. Shortly thereafter, a second ship from a British shipping company was intercepted. This is the Mesdar, which sails under the Liberian flag.
US President Donald Trump said in a response to assist the British government. The British side let know they are busy assessing the situation and clarifying the information.
Two commercial ships in the region were already shot at last month. At that time, shipping companies already expressed concerns about the safety situation.