Dossier
Grace 1
Coverage of Grace 1 in the Nexus archive.
- Oil Surges as US Strikes Targets in Iran Following Ship Attacks
The US strikes targets in Iran following ship attacks, causing oil prices to surge. Tensions in the Strait of Hormuz have increased as Iran resists US sanctions on its oil exports and reacts to the seizure of its Grace 1 tanker near Gibraltar.
- US to Let Iran Oil Sanctions Waiver Expire Amid Hormuz Blockade
The U.S. will let Iran's oil sanctions waiver expire, escalating tensions over Iran's resistance to sanctions crippling its oil exports. The seizure of the Iranian tanker Grace 1 near Gibraltar has intensified disputes in the Strait of Hormuz, with Iran retaliating against U.S. sanctions.