Iran Seizes Two Container Ships Near Strait of Hormuz Amid Tensions
Iran's Islamic Revolutionary Guard Corps has seized two container ships near the Strait of Hormuz, escalating tensions in the region. The ships, one operated by MSC and the other chartered by the firm, were taken to the port of Bandar Abbas. This action follows the U.S. seizure of an Iranian vessel, with Iran vowing retaliation. The crews of the seized ships, consisting of various nationalities, are reported to be safe, though their movements are restricted. The incident has contributed to rising oil prices, with Brent crude trading at $102 a barrel.