Gulf incidents rattle shipping industry
TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local):
4 a.m.
Energy experts say recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, could reduce tanker traffic in the vital waterway.
Britain’s foreign secretary said Friday that Iranian authorities seized two ships, one flying under the British flag, the other registered in Liberia. The events occurred in a passageway that carries one-fifth of the world’s crude exports.
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