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Iranian naval vessels seized 15 British sailors who had boarded a ship suspected of smuggling cars in the Persian Gulf off the Iraqi coast on Friday, officials said.

The British government demanded “the immediate and safe return of our people and equipment.”

The British Navy personnel were “engaged in routine boarding operations of merchant shipping in Iraqi territorial waters,” and had completed a ship inspection when they were accosted by Iranian vessels, Britain’s Defense Ministry said.

Source: Associated Press

Surprised this is not affecting the opening of the markets at all. Could be telling in the weeks to come though.