Immediate threat to Gulf oil flow lifted
The UK and Iran have shown that they do not want the seizure of a British-flagged oil tanker to be the trigger for an armed conflict
The decision by members of Iran's Islamic Revolutionary Guards Corps to board the Stena Impero off Oman and force it to sail to Bandar Abbas might well have been the spark to ignite a war in the Gulf. In the event, the UK and Iranian governments are showing clearly that they do not want this to happen. The UK's foreign minister, Jeremy Hunt, while describing the seizure of the tanker as an act of piracy, stressed his country's "desire to de-escalate" the crisis. Instead of direct military action to resolve the tanker issue, he proposed working with other European nations to work out a joint strategy to protect ships passing through the Strait of Hormuz. Iran's foreign minister, Mohammad Java
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation






