8/18/2019, 4:27 PM (Source: TeleTrader)
more TeleTrader news

Gibraltar rejects second US demand to seize Iran tanker

Gibraltar rejected another request from the United States on Sunday to seize the Iranian tanker it detained early last month on suspicion of violating EU sanctions on Syria. The tanker formerly known as Grace 1 is expected to leave Gibraltar later in the day.

The British overseas territory said it dismissed the warrant issued on Friday as it is contrary to EU laws and led "to the differences in the sanctions regimes applicable to Iran in the EU and the US." "The EU sanctions regime against Iran –which is applicable in Gibraltar– is much narrower than that applicable in the US," Gibraltar elaborated in a statement.

Washington previously made a last-minute effort to stop the release of the tanker, whose seizure in early July triggered a standoff with Tehran.

Breaking the News / JC