Search Site

Trends banner

Alpha Dhabi H1 net profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

US denies Iranian claims of forcing its submarine to surface

Washington accuses Iran' Islamic Revolutionary Guard Corps of disrupting maritime traffic in the Gulf waters. (AFP file)
  • The submarine was "approaching and passing in complete silence" when it partly entered Iranian waters, said an Irani official
  • An Iranian submarine then forced it to "surface and cross the strait", he said, adding that Tehran would raise the matter with "international authorities"

TEHRAN, IRAN– Iran said on Thursday it had “forced” a US submarine to surface as it was crossing the strategic Strait of Hormuz in the Gulf, a claim the Americans promptly denied.

Admiral Shahram Irani, the commander of Iran’s navy, told state TV the USS Florida nuclear submarine was “approaching and passing in complete silence” when it partly entered Iranian waters.

An Iranian submarine then forced it to “surface and cross the strait”, he said, adding that Tehran would raise the matter with “international authorities”.

In a Twitter statement, the US Navy’s Bahrain-based 5th Fleet said the claim was “absolutely false” and “represents more Iranian disinformation”.

The “US 5th Fleet continues to operate wherever international law allows”, it added.

Last June, the US Navy said three Iranian vessels had “interacted in an unsafe and unprofessional manner” as its ships transited the strait.

Washington-Tehran relations soured after Iran’s 1979 revolution toppled the US-backed shah, Mohammad Reza Pahlavi, and brought about Islamic rule under Ayatollah Ruhollah Khomeini.

The two countries severed diplomatic relations after radical students demanding the shah’s extradition took 52 diplomats and employees of the American embassy in Tehran hostage and held them for 444 days.

Washington has repeatedly accused Iran’s powerful Islamic Revolutionary Guard Corps force of disrupting maritime traffic in the strategic Gulf waters, a chokepoint through which a fifth of global oil output passes.

In January 2020, Iran targeted US forces at the Ain al-Assad military base in Iraq’s Anbar province, days after a US drone strike at Baghdad airport killed the Guards’ revered commander Qassem Soleimani and his Iraqi lieutenant Abu Mahdi al-Muhandis.