Marshall Islands Registered Vessel Seized

A US government official told Reuters the Marshall Islands-flagged vessel was intercepted by Iran’s Islamic Revolutionary Guard Corps' (IRGC) Naval force at 0905 GMT (0405 ET). Earlier Tuesday, Saudi Arabia-owned television station Al Arabiya said via Twitter that Iran had fired at a US cargo ship and had directed it to the Bandar Abbas port located along Iran's southern coast. Reports indicate the number of sailors on the seized ship is between 24 and 34.

Is this a desperate way by Oil producing nations to raise the plummeting oil prices?

A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) - Australia and Professional Electrical Engineer (PEE) - Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).