In 2018, 21 million barrels per day of oil flowed through the Gulf's Strait of Hormuz, equivalent to about 21% of global petroleum liquids demand at the time, according to the U.S. ally Seoul over Iranian funds frozen in South Korean banks due to U.S. In early January, Iran's Revolutionary Guards seized a South Korean-flagged tanker in Gulf waters and detained its crew amid tensions between Tehran and U.S. Dryad Global, a maritime intelligence firm, identified the stricken vessel as the MV Helios Ray, a Bahaman-flagged roll-on, roll-off vehicle cargo ship. Iran distanced itself from those attacks. Washington has blamed Iran for a number of attacks on shipping in strategic Gulf waters, including on four vessels, including two Saudi oil tankers, in May 2019. Israeli Prime Minister Benjamin Netanyahu blamed Iran for the attack. Tensions have risen in the Gulf region since the United States reimposed sanctions on Iran in 2018 after then-President Donald Trump withdrew Washington from Tehran's 2015 nuclear deal with major powers. There were no casualties and the Helios Ray subsequently docked in Dubai. Navy's Bahrain-based Fifth Fleet said it was aware of the incident and monitoring the situation. Refinitiv data shows the ship has set Dubai as its current destination. "Whilst details regarding the incident remain unclear it remains a realistic possibility that the event was the result of asymmetric activity by Iranian military," Dryad said in a report on the incident. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Israeli PM says explosions on board MV Helios Ray cargo ship were work of Tehran and that ‘we are hitting it in the entire region’ Associated Press Mon 05.42 EST First published on. It docked in Dubai on Sunday for repairs and inspection.Best Debt Consolidation Loans for Bad Credit The Helios Ray had discharged cars at various ports in the Persian Gulf before the explosion forced it to reverse course. It said the vessel was inbound from Singapore and that the explosion occurred about 44. It remains unclear what caused the blast. Dryad Global, a maritime security risk-management firm, identified the ship as the MV Helios Ray. The ship came to Dubai’s port for repairs on Sunday, days after the blast that revived security concerns in Mideast waterways amid heightened tensions with Iran. Although the crew was unharmed in the blast, the vessel sustained. The crew was unharmed in the blast, but the vessel sustained two holes on its port side and two on its starboard side just above the waterline, according to American defence officials. Associated Press journalists saw the hulking Israeli-owned MV Helios Ray sitting at dry dock facilities at Dubai's Port Rashid. The mysterious explosion struck the Israeli-owned MV Helios Ray, a Bahamian-flagged roll-on, roll-off vehicle cargo ship, as it was sailing out of the Middle East on its way to Singapore on Friday. Iran responded to Netanyahu's statement saying it "strongly rejected" the claim that it was behind the attack. We are hitting it in the entire region,” Netanyahu said. “Iran is the greatest enemy of Israel, I am determined to halt it. Netanyahu spoke to Israeli public broadcaster Kan and said that “it was indeed an act by Iran, that’s clear.” Israeli Prime Minister Benjamin Netanyahu on Monday accused Iran of attacking an Israeli-owned ship in the Gulf of Oman last week.
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