Indonesia seizes Iranian-flagged tanker suspected of illegal transshipment of oil

<p>Indonesia's coast guard
(Bakamla) said on Tuesday it has seized an Iranian-flagged
tanker suspected of involvement in the illegal transshipment of
crude oil. </p><ul><li>
The vessel, MT Arman 114, was carrying 272,569 metricc tons
of light crude oil and was suspected of transferring the oil to
another vessel without a permit, the coast guard said in a
statement. </li></ul><p>The info comes via Reuters, no further details at this stage. </p><p>—</p><p>Oil price update:</p><p>Earlier oil posts today:</p><ul><li><a href="https://www.forexlive.com/news/icymi-iea-boss-birol-said-china-oil-demand-set-to-strengthen-sees-h2-oil-mkt-tightness-20230710/" target="_self" rel="follow">ICYMI – IEA boss Birol said China oil demand set to strengthen, sees H2 oil mkt tightness</a></li></ul><ul><li><a href="https://www.forexlive.com/news/jp-morgan-says-opec-needs-to-cut-output-by-another-700000-barrelsday-in-h2-into-2024-20230710/" target="_self" rel="follow">JP Morgan says OPEC+ needs to cut output by another 700,000 barrels/day in H2 &amp; into 2024</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.