Skip to main content

Iran, UK both rule out oil tanker swap deal

Tehran says it will not release a British-flagged oil tanker it captured earlier this month in a possible barter with the UK, which is holding an Iranian vessel off the coast of Gibraltar.
A boat of the Iranian Revolutionary Guard sails close to Stena Impero, a British-flagged vessel owned by Stena Bulk, near Bandar Abbas port, Iran July 21, 2019. Picture taken July 21, 2019. Fars News Agency/ WANA Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1D73A09A90

Iran's ambassador to the United Kingdom has signaled little progress toward a negotiated settlement to a standoff over captured oil tankers. "Impossible to advance a quid pro quo or barter exchange of detained UK and Iranian ships," Hamid Baeidinejad tweeted July 29.

Baeidinejad reaffirmed Tehran's official line that the UK detention of the Iranian vessel Grace 1 off Gibraltar was "illegal" while Iran's capture of the Stena Impero was a response to violations of "some key safety/security regulations" by the British-flagged ship in the Strait of Hormuz, the strategic maritime pathway for 20% of global oil.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.