On July 19th 2019, it was on its way to Saudi Arabia when it received a

radio message from Iranian naval forces.

Later, the Stena Impero was dramatically boarded and seized.

Using speed boats and helicopters Iran's Revolutionary Guard

took control of the British tanker and took it to an Iranian port.

The Stena Impero isn't alone. Several oil tankers have run into trouble in recent months.

Already troubled waters were further roiled with attacks on two oil tankers.

Three Iranian vessels tried to block a British tanker. An unnamed US official is

blaming Iran for explosions on four ships.

Iran declared it has seized an Iraqi oil tanker. Plot these incidents on a map and

you'll see them centered around this narrow ocean passage — the Strait of Hormuz.

Dozens of oil tankers pass through here daily each carrying up to

84 million gallons of oil. This flow of oil represents 20% of the world's supply.

A former Iranian prime minister even referred to this passage as the jugular

of the global economy. But these ships and this narrow strip of ocean are

caught in the middle of a struggle – a struggle between the U.S. and Iran.

One that has the potential to escalate and to choke the global economy in the process.

The strait of hormuz lies between Iran and Oman. It links the Persian Gulf to

the Gulf of Oman which eventually leads to the Arabian Sea. At its narrowest the

strait is less than 34 kilometers wide and oil tankers that pass through here

travel on a pair of shipping lanes each three kilometers wide. Most of these

ships carry petroleum products from the Middle East to the rest of the world

and in particular to Asia. But an attack on any tanker here regardless of

destination can affect the price of oil everywhere.

That's because oil is a globally traded product. A drop in supply from the Gulf

can drive up prices from other sources around the world. After two recent oil

tankers were attacked in the Strait of Hormuz the price of oil from the

North Sea jumped nearly $2 per barrel. It's because of this strategic

importance that the Strait of Hormuz has become a place where long simmering

tensions between the u.s. and Iran are playing out. And it all began with the

Tanker War.

Saddam Hussein ordered his troops across the Iranian frontier after

a series of border skirmishes. War broke out in the Middle East in 1980 after

Iraq invaded Iran. The US helped Iraq and its campaign against Iran by providing

military intelligence behind the scenes. When Iraq wasn't able to topple Iranian

forces over land it turned its attention elsewhere. Missiles against tankers

are the weapons that both sides are using to try and break the stalemate in their war

on land. Iraq moved to cut off Iran's main export. It began attacking tankers

carrying oil from Iranian ports in what became known as the Tanker War.

Iran eventually responded by attacking oil tankers moving to and from the

Gulf States some of which were supporting Iraq. But with Iraq being aided by the West

Iran had to get creative. It turned to sea mines and planted them around the

Strait of Hormuz. For the first time Iran was using the disruption of oil moving

through Hormuz as a weapon. But these disruptions finally drew the u.s.

directly into the conflict.

In 1987 the u.s. stepped in to protect

the flow of oil for itself and its allies by escorting tankers.

Tensions between the two countries began to escalate. In 1988 a u.s. naval ship

struck an Iranian mine injuring US sailors on board. A couple months later a

u.s. warship mistook an Iranian passenger aircraft for a fighter jet and

shot it down over the Strait of Hormuz killing all 290 passengers.

Ronald Reagan has issued a statement deeply regretting the loss of life in what he calls a terrible human tragedy.

The iran-iraq war ended in August 1988 but conflict between the

u.s. and Iran continued for decades and tensions and distrust grew on both sides.

And a major source of that distrust was Iran's nuclear program.

By 2002 suspicions were growing in the u.s. around Iran's intentions.

By now Iran was fighting proxy wars around the Middle East and the u.s. feared an

Iranian nuclear weapon could fall into the wrong hands.

Iran and their terrorist allies constitute an axis of evil. By seeking

weapons of mass destruction these regimes pose a grave and growing danger.

There were reports that Iran had expansive and undisclosed nuclear

facilities like this one in Natanz and this facility in Arak. Finally in 2011 a

UN report revealed that Iran has carried out activities relevant to the

development of a nuclear explosive device. The mutual distrust between the

u.s. and Iran boiled over. They have not found even one gram of uranium to be

diverted to military purposes. Iran has refused to satisfy legitimate concerns

about the nature of its nuclear program. The u.s. announced sweeping sanctions

against Iran. President Obama signed an executive order that for the first time

specifically targets Iran's petrochemical industry. Iran's oil

exports dropped dramatically and with it Iran's income. The country's economy

began to shrink for the first time in nearly a decade.

To fight back Iran used the only leverage it had — the Strait of Hormuz.

Iran threatened to close the passage saying not a drop of oil will pass

through the Strait of Hormuz if Iranian oil is sanctioned. And to back

its threat Iran's navy conducted a ten day show of force in the strait.

US naval forces followed suit warning Iran that closing the strait

would not be tolerated. The threats are being ramped up over a vital oil

shipping route. The chief of US Naval Operations has told Al Jazeera his Navy

is capable of securing the Strait of Hormuz should it need to. u.s. Navy

and the Coast Guard ships two close encounters just last week. The Strait of

Hormuz was once again a tense conflict zone between Iran and the US but this

time the two countries reached a diplomatic solution. Today after two

years of negotiations the United States together with our international partners has

achieved something that decades of animosity has not — a comprehensive

long-term deal with Iran that will prevent it from obtaining a nuclear weapon.

In 2015 Iran agreed to scale back its nuclear program and to allow its

nuclear facilities to be monitored in exchange for sanctions relief.

With sanctions lifted Iran's oil exports picked back up and Iran's economy showed

signs of recovering until 2018. I am announcing today that the

United States will withdraw from the Iran nuclear deal. The fact is this was a

horrible one-sided deal that should have never ever been made. Claiming the

original deal with Iran didn't go far enough in addressing Iran's terrorist

proxy groups president Trump abandoned the nuclear deal with Iran and put

sanctions back in place. The ongoing conflict between the two countries has

turned Hormuz into a flashpoint once again with tensions at levels not seen

since the Tanker War. Tensions with Iran have reached a boiling point.

Iran — trouble nothing but trouble. The United States is not interested in

diplomacy period. President Trump says the military was quote cocked and loaded

to carry out airstrikes against Iran. Iran hopes that disrupting the passage

of these international tankers will put pressure on countries to stick with the

nuclear deal while also putting pressure on the u.s. to lift sanctions.

But without the direct diplomatic contact between the u.s. and Iran each run-in

has the risk of escalating into war one that could disrupt the jugular of the global economy in the process.

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