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Tensions rise in Strait of Hormuz after Iran seizes British tanker

TEHRAN's decision to seize and impound British oil tanker the Stena Impero saw oil prices spike on Friday, with Brent futures up 66c to $62.59/bbl and West Texas Intermediate up 33c at $55.63/bbl.

Tensions rise in Strait of Hormuz after Iran seizes British tanker

In a major escalation in the three months of tension, last Friday the Iranian Revolutionary Guard posted an online video showing speedboats pulling up to the tanker and troops boarding the vessel from...

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