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Business Matters: Iran tanker seizure called 'act of state piracy'

Picture Credit: Dikuch/ Getty Images

23/07/2019 GMT

Iran tanker seizure called 'act of state piracy'

BBC World Service - Business Matters, Iran tanker seizure called 'act of state piracy'

Britain's foreign secretary has condemned Iran's seizure of a British-flagged cargo ship

The UK has called the seizure of its tanker in the Strait of Hormuz an "act of state piracy."

Britain's foreign secretary, Jeremy Hunt, has condemned Iran's capturing of a British-flagged cargo ship in the Gulf. He also said he had agreement from France and Germany to set up a European maritime protection mission to ensure safe passage for shipping. The BBC's Susannah Streeter talks to Professor Peter Morici, from the University of Maryland and Lahore-based journalist Mehmal Sarfraz, who writes for The Hindu, about what this means for global stability and oil prices. Meanwhile, in China, the country unveiled its answer to America's Nasdaq Exchange. The Star Index saw some stocks more than double on its first day. We talk to Art Karoonyavanich from DBS Asia Capital. (Picture credit: Dikuch/ Getty Images)

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