Iran Announces 20% Uranium Enrichment and Seizes South Korean Tanker In The Strait of Hormuz

Iran has been busy on this first Monday of the new year. The Iranian government announced it has started enriching uranium up to twenty percent at an underground facility at Fordo, a town situated south of the holy city of Qom. According to the announcement, orders for the enrichment were given personally by Iranian President Hassan Rouhani. As the announcement was being made, news broke that Iran had seized a South Korean-flagged tanker in the Strait of Hormuz. The tanker, named Hankuk Chemi, was stopped by IRGC (Islamic Revolutionary Guards Corps) naval forces for violating ‘environmental protocols’ and led to the port of Bandar Abbas. A short while later, the South Korean foreign ministry demanded the immediate release of the tanker, adding that South Korean forces stationed in the Strait of Hormuz were dispatched to the area. Tehran admitted to the seizure, yet hours earlier had said a South Korean envoy was expected to visit Iran in the coming days to negotiate the release of roughly $7 bn in Iranian assets now frozen in South Korea. The Iranian government is claiming it is seeking the release of the funds to use as payment for COVAX, a COVID-19 vaccine effort being headed-up by the World Health Organization.  

The two events have come to the forefront in a time of already heightened tensions between the United States and Iran. Of the two, the uranium enrichment is the more consequential. A decade ago, Iran’s decision to enrich up to 20% nearly brought on an Israeli attack against Iranian nuclear facilities. Now, returning to that same enrichment level brings on the risk of a US strike on Iranian nuclear sites. Added to this are the very recent threats Iran has been making against the US as the 1 year mark of Qassem Soleimani’s assassination. Last week, US B-52 bombers made a show-of-force demonstration in the Persian Gulf area as Tehran vowed attacks against US interests in the region. Last night, the Pentagon ordered the USS Nimitz carrier strike group to remain on station in the region. This came three days after the group had been ordered to leave.

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