Iran seizes ship Filippino crew busted a “fuel-smuggling ring”.
Iran seized a boat and arrested 12 Filipinos as it busted a “fuel-smuggling ring” in the Strait of Hormuz on Saturday, the semi-official news agency ISNA reported.
“A foreign tugboat was confiscated as well as 283,900 litres (75,000 gallons) of petrol worth 233.71 billion rials ($20.2 million),” ISNA said, citing the coast guard chief in the southern province of Hormozgan.
Iran, which has some of the world’s cheapest fuel prices due to heavy state subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighbouring countries and by sea.
It has frequently seized boats it says are being used for smuggling oil in the Gulf.