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VisitWhat will be the primary impact on the global oil market due to Israel's sanctions on the 18 tankers?
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Reports from financial news sources and market analysis
Israel Sanctions and Confiscates 18 Tankers Linked to Iran's Quds Force
Aug 15, 2024, 01:22 PM
Israel's Defense Minister Yoav Gallant has imposed sanctions and signed orders to confiscate 18 oil tankers allegedly used by Iran's Islamic Revolutionary Guard Corps' Quds Force to finance Hezbollah and Hamas. This move marks a rare step by Israel in targeting the economic channels of these groups. The tankers are reportedly involved in transporting oil under a legitimate facade, complicating compliance for the shipping industry.
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