Iran seizes foreign tanker in Gulf of Oman

Another foreign tanker was seized by Iran in the Gulf of Oman, Iranian state media IRIB reported Friday. The vessel was allegedly carrying 6 million liters of “smuggled diesel.” While no details on the origin of the vessel and its cargo have been disclosed so far, the move follows the United States’ interception of an oil tanker off the Venezuelan coast yesterday that added more friction to the already-strained relationship between Washington and Caracas.

NN: This is a story that could blow up Mutual Fund traders oil shorts. All that want for Christmas is oil on its lows, In January they don’t care because year end bonuses are paid on the oil trade to the end of December