Iran threatens legal action against Sinokor tankers in Strait of Hormuz

Iran's Persian Gulf Strait Authority announced it will pursue "legal action" against tankers owned by Sinokor, the world's largest oil tanker company. According to the authority, Sinokor vessels have transported millions of barrels of oil out of the Strait of Hormuz in recent weeks. The statement did not specify what the legal action would involve or when it might begin. The Strait of Hormuz is a critical waterway through which a significant portion of global oil shipments pass.