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Global Business News

The Economic Times

Global Business / The Economic Times

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US military says it seizes another oil tanker associated with Iran

US forces seized another tanker linked to Iranian oil smuggling in the Indian Ocean, escalating tensions after Iran captured two vessels in the Strait of Hormuz. This action, part of a broader maritime enforcement effort, aims to disrupt illicit networks supporting Iran. The ongoing standoff has significantly impacted global oil prices and trade.

23 Apr 2026 5:47 pm