Iran Seizes Ship, Ramps Up Enrichment as Gulf Tensions Mount

Iran seized a South Korean-flagged oil tanker in the Strait of Hormuz and announced it would increase its nuclear activities, as tensions in the region mount in the final days of Donald Trump’s U.S. presidency.

The Islamic Revolutionary Guard Corps said it detained the vessel Hankuk Chemi at 10 a.m. local time Monday “due to repeated violations of marine environmental laws.”

Source: Bloomberg