Aya Batraoui
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Oil exports from the Gulf have been disrupted by the U.S.-Israeli war on Iran and Iran's closure of the Strait of Hormuz.
The UAE now produces roughly 1.9 million barrels of oil a day, according to research firm Kepler, about 40 percent less than before the war.
Aya Batraoui, NPR News, Dubai.
The two vessels were seized by Iran's Revolutionary Guard in the Strait of Hormuz.
That's the key waterway through which a fifth of the world's oil was passing before the war began nearly two months ago.
Iran, which is blocking most ships now from transiting through the strait, says the seizure of today's vessels is in response to the U.S.
seizing an Iranian cargo ship and its crew on Sunday.
They called it an eye for an eye, an oil tanker for an oil tanker.
Navy is positioned in the Arabian Sea, blocking Iranian ships from entering or exiting the strait.
Iran said the seizure of the ship violates the ceasefire, and there's no word yet on whether the two sides plan to meet again for another round of talks.
The two vessels were seized by Iran's Revolutionary Guard in the Strait of Hormuz.
That's the key waterway through which a fifth of the world's oil was passing before the war began nearly two months ago.
Iran, which is blocking most ships now from transiting through the strait, says the seizure of today's vessels is in response to the U.S.
seizing an Iranian cargo ship and its crew on Sunday.
They called it an eye for an eye, an oil tanker for an oil tanker.
Navy is positioned in the Arabian Sea, blocking Iranian ships from entering or exiting the strait.
Iran said the seizure of the ship violates the ceasefire, and there's no word yet on whether the two sides plan to meet again for another round of talks.