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Regular-article-logo Friday, 11 October 2024

Iran to protect oil tankers

Iranian vessels lose access to international insurance markets under the US sanctions

Reuters Dubai Published 12.11.18, 08:53 PM
Gas flares from an oil production platform at the Soroush oil fields, Iran.

Gas flares from an oil production platform at the Soroush oil fields, Iran. (Reuters)

Iran’s armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the US called the ships a “floating liability” and warned ports operators not to allow them to dock.

The US resumed sanctions on Iran’s oil, shipping and banking industries last Monday after President Donald Trump pulled out of a 2015 international agreement curbing Iran’s nuclear programme in May.

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“Iran’s armed forces... are prepared today as in the past to protect our fleet of oil tankers against any threats so that it can continue to use marine waterways,” said Rear-Admiral Mahmoud Mousavi, a deputy commander of the regular armed forces, according to the semi-official news agency ISNA.

His comments appeared to be a response to US Special Representative for Iran Brian Hook, who said last week that Iranian vessels would lose access to international insurance markets under the US sanctions and so would be a risk to ports and canals which allowed them access.

“From the Suez Canal to the Strait of Malacca and all choke-points in between, Iranian tankers are a floating liability,” Hook had said.

Iranian media reported his remarks as a threat against Iranian tankers that carry Iran’s crude and oil products.

Mousavi said that creating hindrances to transportation through international waterways would be unacceptable.

“Iran’s armed forces have the preparedness to protect our commercial fleet... as they have in the past 40 years,” he said. Hook also raised the possibility that countries and port operators could face US penalties for facilitating what he called Iran’s “illicit activities” if they allowed Iranian ships access to international waterways and port facilities.

Mohammad Rastad, head of Iran’s Ports and Maritime Organisation, said Tehran would file a complaint next week to the International Maritime Organisation over “cruel US sanctions and restrictions on maritime transport”.

Hook had also said the sanctions had already cost Iran billions of dollars in oil revenue since May. Reuters

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