Iran’s Revolutionary Guard said Friday that it impounded a British oil tanker after it sailed into Iranian waters. Britain has responded by announcing it was seeking more information, while a U.S official has added that a second British tanker was also seized by Tehran. The incidents come on the same day that London extended the detention of an Iranian tanker, which it seized after suspecting the vessel was violating an EU embargo by shipping oil to Syria.
What will happen next? Not only could tensions flare, but oil prices, which have already gone up, could spike higher if the crisis isn’t resolved.