Iranian Tanker Damaged in the Red Sea

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Iran’s national oil company has claimed that one of itsoil tankers in the Red Sea has suffered an explosion, and damage. Initially, Iran claimed the cause of the explosion was a missile strike on the vessel but hours later official accounts had rolled back the missile claim. There has been no indication about whether an oil spill has occurred as a result of the damage, if the ship is on fire, or its overall condition. Late this afternoon, Iranian state television reported the ship is returning to Iran. The contradictory reports and lack of facts have only raised more questions about exactly what happened to the tanker, which. News of the explosion boosted oil prices by around 4%.

Iran is conducting an investigation into the incident. “The details of the attack and the instigators are under investigation and will be announced in due course,” Foreign Ministry spokesman Abbas Mousavi said. Given that Iran has been blamed for the recent missile strike on Saudi oil facilities, I wouldn’t be shocked if Iran discovers it was Saudi Arabia that perpetrated the oil tanker attack in retaliation. I’ll be honest, that was the first thought to cross my mind after seeing the headline this morning.

It’s not as if Iran doesn’t have the men, and equipment to attack an oil tanker, theirs or otherwise. The world has seen Iran carry out attacks on tankers in the Persian Gulf  this year using limpet mines and explosives planted by IRGC troops, and operatives. The motive for conducting an attack against one of its own ships is certainly present and valid. Tehran would certainly hope an overt attack on an Iranian asset would shift some of the scrutiny away from Iran. You can never put anything past the Iranian government, especially now when it must seem to them as if the walls are closing in. Economic sanctions, US pressure, and Saudi Arabian suspicion are combining to have a decidedly negative effect on the leadership in Tehran.

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